Company: LRHC
Filing Date: 2025-11-24
Form Type: PRE 14C
Source: 0001213900-25-113797
Chunk: 8

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: PRE 14C
Chunk 8
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 percent (90%) of net proceeds shall be used to acquire Note Purchased Crypto as a treasury asset for the Company’s
balance sheet, and any remaining proceeds from the Additional Closing shall be used for general corporate purposes and working capital,
but not, in any case without the consent of the Lead Buyer (as defined in the Securities Purchase Agreement), directly or indirectly,
for (i) the satisfaction of any indebtedness of the Company or any of its subsidiaries, (ii) the redemption or repurchase of any securities
of the Company or any of its subsidiaries, or (iii) the settlement of any outstanding litigation. In addition, the Company will use at
least ninety percent (90%) of the net proceeds from the sale of Common Stock pursuant to any equity line of credit, equity purchase facility
or at-the-market offering to acquire Note Purchased Crypto as a treasury asset for the Company’s balance sheet.

The Company is required under
the Securities Purchase Agreement to use reasonable efforts to obtain stockholder approval within thirty (30) days of the Initial Closing
Date for the issuance of the shares of Common Stock issuable pursuant to the Notes in accordance with Nasdaq Listing Rules, the approval
of an amendment to the Articles of Incorporation to permit the redemption of the Series X Preferred Stock, and the approval of the Reverse
Stock Split.

On November 12, 2025, the Majority Stockholders, holding shares representing
approximately 95.65% of the outstanding voting power as of the Record Date, provided the Stockholder Approval (as defined below) under
the signed Majority Stockholders Consent. The Majority Stockholders Consent provides the affirmative stockholder approval required under
the Securities Purchase Agreement (the “Stockholder Approval”) of: (i) the issuance of all Notes and all Conversion
Shares in excess of 19.99% (without regard to any limitation on conversion or exercise thereof) of the Company’s issued and outstanding
Common Stock at a price less than the Minimum Price required by The Nasdaq Stock Market LLC (“Nasdaq”) in compliance
with Nasdaq 20% Rule (as defined below); (ii) the Series X Amendment; and (iii) Reverse Stock Split to be effected at any time within
one (1) year from the date of approval, with such timing and ratio to be determined in the discretion of the Board of Directors for all
stockholders as of the date of the effectiveness of the Reverse Stock Split, with the right to abandon the Reverse Stock Split, if the
Board