Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1298

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1298
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 one remaining convertible note with a principal balance plus accrued interest
of $26,265 was converted into 6,566 shares of the Company’s unregistered, restricted Common Stock based on the IPO price of $5.00.

Series X Super Voting Preferred Stock

On July 29, 2021, the Company filed an Amended
and Restated Articles of Incorporation with the Secretary of State of Nevada authorizing 50,000,000 shares of “blank check”
preferred stock. The Company designated 2,000 shares of the authorized preferred stock as Series X Super Voting Preferred Stock and issued
100% of the Super X Super Voting Preferred Stock to the Company’s CEO. Each share of the Series X Super Voting Preferred Stock entitles
its holder to 10,000 votes per share and votes with the Company’s Common Stock as a single class on all matters to be voted or consented
upon by the stockholders. The Series X Super Voting Preferred Stock is not convertible into Common Stock or any other securities of the
Company. The holders of the Series X Super Voting Preferred Stock are not entitled to any dividend rights or any liquidation preference
and have no subscription, redemption or conversion privileges.

Series A Preferred Stock

On February 13, 2023, the Company designated 11,000
shares of the authorized preferred stock as series A preferred stock. The holders of the series A preferred stock do not have voting rights,
redemption rights, dividend rights, anti-dilution rights, nor liquidation rights. Each share of the series A preferred stock will automatically
convert into shares of the Company’s Common Stock upon the earlier of the closing date of the Company’s IPO or upon a change
in control of the Company. Upon the Company’s IPO, the value of each share is converted to common stock at a 30% discount of the
IPO price. The discount is accounted for as a deemed dividend that increases the basic net loss per share for common stockholders. 

During 2023, the Company issued 1,523 shares of
its series A preferred stock to 77 investors in a private placement pursuant to Regulation D under the Securities Act, raising $1,523,000.
The Company also exchanged convertible debt with an outstanding balance of $598,836, including accrued interest of $87,836, for 591 shares
of series A preferred stock. On March 27, 2023, the Company exchanged a portion of its related party debt with an outstanding gross balance