Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 571

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 571
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aid, the Company agreed to pay Arin $15,474 per week.

In October 2024, we entered
into a standard merchant cash advance agreement with Cedar where we sold in the aggregate $616,250 in future receipts of the Company for
$403,750. Until the purchase price has been repaid, the Company agreed to pay Cedar $15,400 per week. A portion of the funds provided
were used to pay off the remaining balance of $301,250 of the May 2024 cash advance agreement.

In November 2024, we entered
into an ATM Agreement with A.G.P./Alliance Global Partners, as sales agent, relating to the sale of Common Stock. During the year ended
December 31, 2024, we issued an aggregate of 222,000 shares of Common Stock pursuant to such ATM Agreement for net proceeds of $169,236.
We paid the sales agent compensation with respect to sale of such shares in the amount of $5,728. 

In November 2024, we received
$480,000 in net proceeds, excluding equity issuance costs of approximately $20,000, by issuing 936,264 shares of Common stock and a pre-funded
warrant to purchase 399,562 shares of Common stock pursuant to a securities purchase agreement with an institutional accredited investor,
Abri Advisors, LTD. at a price equal to $0.37 per share.

Furthermore, during the period required to achieve substantially higher
revenue in order to become profitable, we will require additional funds that might not be readily available or might not be on terms that
are acceptable to us, or at all. Until such time that we fully implement our growth strategy, we expect to continue to generate operating
losses in the foreseeable future, mostly due to corporate overhead and costs of being a public company. As such, we anticipate that our
existing working capital, including cash on hand and cash generated from operations, will not be sufficient to meet projected operating
expenses for the foreseeable future through at least twelve months from the issuance of this Annual Report on Form 10-K. We will be required
to raise additional capital to service debt issued in the first half of 2025 and
to fund ongoing operations.

During 2023, we issued 1,523
shares of series A preferred stock to 77 investors in a private placement pursuant to Regulation D under the Securities Act, raising $1,523,000.
We also exchanged convertible debt with an outstanding