Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 7

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 7
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 $468,000 (the “July Note”), 29,800 shares of Common Stock as a commitment fee, a warrant
to purchase up to 53,700 shares of Common Stock with an exercise price of $3.00 exercisable until the five-year anniversary of the closing
date of the financing, and a second warrant, to purchase up to 54,200 shares of Common Stock with an exercise price of $2.25 exercisable
until the five-year anniversary of the closing sate (collectively, the “July Warrants”). The Company also granted the Investor
piggy-back registration rights and entered into registration rights agreement with the Investor with respect to the securities issued
in this financing. The Company Group also entered into a security agreement with the Investor pursuant to which the Company Group granted
the Investor a security interest in certain property of the Company Group to secure the Company’s obligations under the July Note.
The Company also agreed to obtain shareholder approval for the issuance of more than 19.99% of the issued and outstanding Common Stock
in this financing. Pursuant to this financing, the Company received net proceeds of $436,100, after deducting offering expenses, including
a tail fee payable to Alexander Capital L.P.

On July 16, 2024, Joseph La
Rosa, as the majority stockholder of the Company, in accordance with Nasdaq Listing Rules 5635(b) and 5635(d), approved the transaction
and issuance of the shares upon conversion of the July Note and exercise of the July Warrants, which was effective on August 18, 2024,
or 20 days after the commencement of mailing of the definitive information statement regarding this approval to the stockholders of the
Company.

The entire July Note was repaid in full by the Company by February
2025. July First Warrant was fully exercised in the first quarter of 2025.

On January 22, 2025, the
Company and Investor entered into Warrant Redemption and Cancellation Agreement, pursuant to which on January 28, 2025 July Second Warrant
and April Warrants were redeemed, cancelled and terminated in full upon payment of $379,082.79 by the Company to Investor.

4

Brown Stone Financing

On
August 7, 2025, the Company entered into that certain securities purchase agreement (“Brown Stone Agreement”), with an institutional
accredited investor, Brown Stone Capital Ltd. (the “Brown Stone”), pursuant to which the Company agreed