Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 130

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 2
Chunk 130
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2025 (the “Filing”) with the SEC.

The Notice informed the Company that, under Nasdaq
rules, the Company has 60 calendar days to submit a plan to regain compliance, and if the Staff accepts such plan, they can grant an exception
of up to 180 calendar days from the Filing’s due date (or until November 17, 2025) to regain compliance. The Company regained compliance
with Nasdaq Listing Rule 5250(c)(1) as a result of filing of its Quarterly Report on Form 10-Q for the quarterly period ending March 31,
2025 on May 29, 2025.

ATM Offering

On November 22, 2024, the Company entered into
a sales agreement (“ATM Agreement”) with A.G.P./Alliance Global Partners, as sales agent, relating to the sale of common
stock. During the three month ended June 30, 2025, the Company issued an aggregate of 218,918 shares of common stock pursuant to such
ATM Agreement for net proceeds of $3,741,282. The Company paid the sales agent compensation with respect to sale of such shares in the
amount of $151,947. 

Change in Controlled Company Status

As of December 31, 2024, the Company qualified as a “controlled
company” because more than 50% of the voting power for the election of directors was held by Joseph La Rosa, our Chief Executive
Officer and Chairman. As a result of certain sales under the Company’s previously announced at-the-market offering, as of April
16, 2025 Mr. La Rosa no longer held more than 50% of the voting power for the election of directors. As a result, the Company was no longer
considered a “controlled company” for the purposes of the listing requirements of the Nasdaq Capital Market. Since the Company
did not avail itself of certain of the controlled company exemptions afforded by Nasdaq to controlled companies, such change in the Company’s
status did not result in any corporate governance changes for the Company. The Company regained a “controlled company” status
on July 7, 2025 because as a result of Reverse Stock Split, Mr. Joseph La Rosa became a holder of more than 50% of the voting power of
the Company.

The Facility

On August 4, 2025 (the “Agreement Date”),
the Company entered into the Equity Purchase Facility Agreement (“