Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 5

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 5
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 the closing date of the financing, and
a second warrant, to purchase up to 95,000 shares of Common Stock with an exercise price of $2.25 exercisable until the five-year anniversary
of the closing sate (the “February Second Warrant,” and collectively, the “February Warrants”). The Company also
granted the Investor piggy-back registration rights and entered into registration rights agreement with the Investor with respect to the
securities issued in this financing. The Company and its subsidiaries (collectively, the “Company Group”) also entered into
a security agreement with the Investor pursuant to which the Company Group granted the Investor a security interest in certain property
of the Company Group to secure the Company’s obligations under the February Note. The Company also agreed to obtain shareholder
approval for the issuance of more than 19.99% of the issued and outstanding Common Stock in this financing. On February 20, 2024, the
Investor paid the Company the purchase price of $1,000,000.00 after an original issue discount of $52,631.58.

On February 20, 2024, Joseph
La Rosa, as the majority stockholder of the Company, in accordance with Nasdaq Listing Rules 5635(b) and 5635(d), approved the transaction
and issuance of the shares upon conversion of the February Note and exercise of the February Warrants, which was effective on March 31,
2024, or 20 days after the commencement of mailing of the definitive information statement regarding this approval to the stockholders
of the Company.

In connection with this financing,
the Company also issued to its placement agent, Alexander Capital L.P., a 5-year common stock purchase warrant to purchase 21,053 shares
of Common Stock at the exercise price of $1.50 per share. The terms of this warrant were substantially similar to the terms of the warrants
issued to the Investor.

During fiscal year of 2024, the Company issued Investor 837,630 shares
of Common Stock due to partial conversion of February Note. The remaining portion of February Note was repaid by the Company by February
2025 and February Second Warrant was cancelled and extinguished in its entirety due to the full repayment of the note. February First
Warrant was fully exercised in the first quarter of 2025.

3

April 2024 Financing

On April 1, 2024, we entered
into a securities purchase agreement with the Investor pursuant to