Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 61

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 61
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 December 2024, the Company opened its first
office and wholly owned subsidiary in North Carolina, La Rosa Realty NC LLC. In January 2025, the Company formed LR Luxury, LLC, engaged
mostly in the residential real estate brokerage business. In April 2025, the Company formed LR Agent Advance, LLC, offering a commission
advancement program exclusively for La Rosa agents. In 2025, we also formed LR Realty Spain, S.L., our wholly owned subsidiary in Spain.

We continuously search for potential acquisition
targets. Management is in discussions with several franchisees and other entities; however, any future agreements may have terms that
are materially different than the terms of completed acquisitions. We cannot guarantee that the Company will actually enter into any
binding acquisition agreements with any of those companies. If we do, we cannot assure you that the terms of such acquisitions will be
substantially the same or better for the Company than those of completed acquisitions.

Recent Developments

Reverse Stock Split

On July 2, 2025, the Company effected a 1-for-80 reverse
stock split of the common stock, issued and outstanding, effective as of 12:01 a.m. (New York time) on July 7, 2025. On February
4, 2025, the Company’s stockholders holding a majority of the voting power of the Company by a written consent approved the amendment
to the Company’s Amended and Restated Articles of Incorporation, as amended, to effect a reverse stock split of the Company’s
common stock at a ratio in the range of 1-for-20 to 1-for-100, with such ratio to be determined by the Company’s Board of Directors.
Such resolution became effective on March 28, 2025, or twenty (20) days after the Company filed with the SEC and mailed to its stockholders
respective Information Statement on Schedule 14C on or approximately March 7, 2025. Following such stockholders’ approval, the Board
of Directors determined to effect the reverse stock split at a ratio of 1-for-80 (“Reverse Stock Split”). As a result
of the Reverse Stock Split, every eighty (80) shares of issued and outstanding common stock were automatically combined into one (1) issued
and outstanding share of common stock. Unless noted otherwise, all share and the price per share information for all periods presented
in this report have been retroactively adjusted for