Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 4

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 4
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0(a)(2) (the “Bid Price Rule”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Company was provided an initial period of 180 calendar days, or until April 8, 2025 (the “Compliance Period”), to regain
compliance with the Bid Price Rule. In order to regain compliance with the Bid Price Rule, our Common Stock was required to maintain a
minimum closing bid price of $1.00 for a minimum of ten consecutive business days during the Compliance Period prior to April 9, 2025.

As of April 8, 2025, the Common
Stock has not regained compliance with the Bid Price Rule. However, in a letter dated April 9, 2025 (the “Second Nasdaq Bid Price
Letter”), Nasdaq notified the Company that Nasdaq’s Staff has determined that the Company is eligible for an additional 180
calendar day period, or until October 6, 2025, to regain compliance (the “Second Compliance Period”). As of the date of this
report the Common Stock has not regained compliance with the Bid Price Rule. If the Company chooses to implement a reverse stock split,
it must complete the split no later than ten business days prior to the end of the Second Compliance Period in order to timely regain
compliance. If we fail to regain compliance with the Bid Price Rule within the Second Compliance Period, or if we fail to continue to
meet all applicable continued listing requirements for Nasdaq in the future, Nasdaq could delist our securities.

The Second Nasdaq Bid Price Letter has no immediate effect on the listing
or trading of the Common Stock. Our Common Stock continues to be listed on the Nasdaq Capital Market under the symbol “LRHC”.
We are currently evaluating our options for regaining compliance.

Recent Financings

February 2024 Financing

On February 20, 2024, we entered
into a securities purchase agreement with the accredited investor (the “Investor”) pursuant to which on February 20, 2024
we issued the Investor a 13% OID senior secured promissory note in the face amount of $1,052,631.58 (the “February Note”),
67,000 shares of Common Stock as a commitment fee, a warrant (the “February First Warrant”) to purchase up to 120,000 shares
of Common Stock with an exercise price of $3.00 exercisable until the five-year anniversary of