Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3724

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 3724
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 for certain events or occurrences. The Company maintains a directors and officers insurance
policy to provide coverage in the event of a claim against an officer or director.

Nasdaq Listing Rule

On October 10, 2024, the Company received a letter
from Nasdaq notifying the Company that it was no longer in compliance with the $1.00 minimum bid price requirement for continued listing
on Nasdaq under the Bid Price Rule. Nasdaq has granted the Company 180 calendar days, or until April 8, 2025, to regain compliance with
the Bid Price Rule. On April 9, 2025, 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. If the Company does not regain compliance with
the Bid Price Rule by October 6, 2025, or if the Company fails to continue to meet all applicable continued listing requirements for Nasdaq
in the future, Nasdaq could delist our securities.

Furthermore, on April 7, 2025, the closing price
of our common stock was $0.17. Pursuant to Nasdaq Rule 5810(c)(3)(A)(iii), if the closing price of our common stock is $0.10 or less for
10 consecutive trading days, we will be issued a Staff Delisting Determination by Nasdaq. If we receive a Staff Delisting Determination
Letter resulting from our common stock trading at or below $0.10 for 10 consecutive trading days, we will have 7 calendar days to request
a hearing before a Nasdaq hearings panel to review the Staff Delisting Determination, which will determine the delisting of our common
stock by Nasdaq. A hearing would then take place within 45 days of the hearing request to determine whether or not our common stock would
be delisted. If, in the future, we receive a Staff Delisting Determination there can be no assurance that we would be successful in preventing
a determination by the Nasdaq hearing panel that our stock will be delisted. 

Legal Proceedings

From time to time the Company is involved in litigation,
claims, and other proceedings arising in the ordinary course of business. Such litigation and other proceedings may include, but are not
limited to, actions relating to employment law and misclassification, intellectual property, commercial or contractual claims, brokerage
or real estate disputes, or