Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1295

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1295
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 splits, when the Company’s Common Stock
starts trading on a senior exchange. The Company issued the shares on October 9, 2023 valued at the IPO price of $5.00 a share.

On January 10, 2022, the Company entered into
an investment banking agreement with a consultant. In addition to other compensation, the agreement required the issuance of Common Stock
of the Company equal to 4.0% of the Company. Such shares were to be held in book entry at the transfer agent and were not eligible to
be sold until the Company trades on a senior exchange. The consultant was granted anti-dilution protection such that they retained 4.0%
of the Company’s fully diluted shares outstanding after the senior exchange listing. The Company evaluated the agreement and determined
that the performance condition was satisfied on July 31, 2023. As such, the Company issued 250,168 shares of Common Stock on July 31,
2023, valued at the then expected IPO price of $5.00 a share. Upon the completion of the Company’s IPO on October 12, 2023, the
Company issued 228,656 shares of Common Stock, valued at the IPO price of $5.00 a share, representing the remaining shares to be issued
to the consultant.

Upon the closing of the Company’s IPO, the
Company issued 514,794 shares of Common Stock valued at the IPO price of $5.00 a share to certain third-party service providers in accordance
with the respective contractual agreements who directly worked on the IPO process. A portion of the value of the shares extinguished $157,856
of existing accounts payable.

F-28

Additional Common Stock Issuances

On August 28, 2023, the Company repaid an OID
Note and, in accordance with the terms of the original note, the Company issued 30,000 shares of Common Stock to the lender, valued at
the expected IPO price of $5.00 a share.

On October 12, 2023, the Company completed its
IPO and, in accordance with the debt agreement the Company executed in December 2022 with the Company’s CEO, the Company issued
60,000 shares of unregistered, restricted Common Stock to the Company’s CEO with a value of $5.00 per share.

On October 12, 2023, upon the repayment of a note
payable to one of the Company’s lenders, the Company