Company: LRHC
Filing Date: 2025-09-25
Form Type: S-1
Source: 0001213900-25-091637
Chunk: 65

Company: La Rosa Holdings Corp.
Filing Date: 2025-09-25
Form: S-1
Chunk 65
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 such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing
market price.

Control Share Acquisitions

The “control share” provisions of
Sections 78.378 to 78.3793, inclusive, of the NRS, apply to “issuing corporations” that are Nevada corporations with at 200
or more stockholders of record, at least 100 of whom have had addresses in Nevada appearing on the stock ledger of the corporation at
all times during the 90 days immediately preceding the determination date, and that conduct business directly or indirectly in Nevada,
unless the corporation has elected to not be subject to these provisions.

The control share statute prohibits an acquirer
of shares of an issuing corporation, under certain circumstances, from voting its shares of a corporation’s stock after crossing
certain ownership threshold percentages, unless the acquirer obtains approval of the target corporation’s disinterested stockholders.
The statute specifies three thresholds: (a) one-fifth or more but less than one-third, (b) one-third but less than a majority, and (c)
a majority or more, of the outstanding voting power. Generally, once a person acquires shares in excess of any of the thresholds, those
shares and any additional shares acquired within 90 days thereof become “control shares” and such control shares are deprived
of the right to vote until disinterested stockholders restore the right. These provisions also provide that if control shares are accorded
full voting rights and the acquiring person has acquired a majority or more of all voting power, all other stockholders who do not vote
in favor of authorizing voting rights to the control shares are entitled to demand payment for the fair value of their shares in accordance
with statutory procedures established for dissenters’ rights.

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A corporation may elect to not be governed by,
or “opt out” of, the control shares provisions by making an election in its articles of incorporation or bylaws, provided
that the opt-out election must be in place on the 10 day following the date an acquiring person has acquired a controlling
interest, that is, crossing any of the three thresholds described above. We have not opted out of these provisions and will be subject
to the control share provisions of the NRS if we meet the definition of an issuing corporation upon an acquiring person acquiring a controlling
interest unless we later opt out of these provisions and the opt out is in effect on the 10 day following such