Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 38

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 38
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992,319 
  
    Performance obligations satisfied over time 
     3,492,842  
     3,096,580 
  
    Revenue 
    $17,514,394  
    $13,088,899 

Note 11 — Subsequent Events

Share Repurchase Program

On April 23, 2025, the Company’s Board of
Directors approved a new Share Repurchase Program, which authorizes the Company to purchase up to an aggregate of $500,000 of the Company’s
outstanding shares of common stock in the open market in accordance with all applicable securities laws and regulations. Repurchases under
this program may be made at management’s discretion at the time and in the amounts determined by the Chief Executive Officer and
Chief Operating Officer of the Company. The Share Repurchase Program has an expiration date of December 31, 2025.

Executive Equity Awards 

On April 21, 2025, the Company issued the CEO
an aggregate of 3,297,359 unregistered shares of common stock of the Company, par value $0.0001 per share (the “Shares”) as
a compensation for the services rendered pursuant to his employment agreement with the Company.

Equity Issuances

On April 16, 2025, the Company utilized their
ATM and sold a total of 17,513,400 shares of the Company’s common stock.

Subsequent to March 31, 2025, the Company issued an additional 58,732
shares from the vesting of RSU grants as part of the Company’s agent incentive plan.

Other Subsequent Events

On May 23, 2025, the Company and the holder of
the existing Initial Note and Incremental Warrants entered into a waiver agreement pursuant to which, effective as of May 20, 2025, through
May 30, 2025, the holder waived all rights to default-related penalties, default interest, and acceleration of any amounts due under the
Initial Note, as well as any other rights arising from an event of default under the Purchase Agreement, the Initial Note, the Incremental
Warrants, and the related transaction documents, specifically with respect to the Company’s untimely filing of its Quarterly Report
on Form 10-Q. In addition, the holder waived the requirement under the related Registration Rights Agreement to register for resale the
shares of common stock issuable upon conversion of the Notes (other than the Initial Note)