Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 63

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 63
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 regain compliance. If the plan is accepted, the Company can be granted up to 180 calendar days from May 30, 2025 (or until November
26, 2025), to evidence compliance.

Nasdaq Notice Regarding Filing Deficiency

On May 21, 2025, the Company also received a notice
(the “Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) that the Company is not in compliance
with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter
ended March 31, 2025 (the “Filing”) with the SEC.

The Notice informed the Company that, under Nasdaq
rules, the Company has 60 calendar days to submit a plan to regain compliance, and if the Staff accepts such plan, they can grant an exception
of up to 180 calendar days from the Filing’s due date (or until November 17, 2025) to regain compliance. The Company regained compliance
with Nasdaq Listing Rule 5250(c)(1) as a result of filing of its Quarterly Report on Form 10-Q for the quarterly period ending March 31,
2025 on May 29, 2025.

ATM Offering

On November 22, 2024, the Company entered into
a sales agreement (“ATM Agreement”) with A.G.P./Alliance Global Partners, as sales agent, relating to the sale of common
stock. During the three month ended June 30, 2025, the Company issued an aggregate of 218,918 shares of common stock pursuant to such
ATM Agreement for net proceeds of $3,741,282. The Company paid the sales agent compensation with respect to sale of such shares in the
amount of $151,947. 

Change in Controlled Company Status

As of December 31, 2024, the Company qualified as a “controlled
company” because more than 50% of the voting power for the election of directors was held by Joseph La Rosa, our Chief Executive
Officer and Chairman. As a result of certain sales under the Company’s previously announced at-the-market offering, as of April
16, 2025 Mr. La Rosa no longer held more than 50% of the voting power for the election of directors. As a result, the Company was no longer
considered a “controlled company” for the