Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 63

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 63
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 2025, the holder of the Senior
Secured Convertible Note, dated February 4, 2025, converted $600,000 of principal and $55,627 of interest by converting 223,464 shares
of common stock.

On November 13, 2025, the Company utilized its
EPFA selling 25,000 shares of common stock at $2.95 per share raising gross proceeds of $73,750.

On November 17, 2025, the holder of the Senior
Secured Convertible Note, dated February 4, 2025, converted $208,261 of principal and $4,701 of interest by converting 103,703 shares
of common stock.

On November 18, 2025, the holder of the Senior
Secured Convertible Note, dated February 4, 2025, converted $91,739 of principal and $6,967 of interest by converting 48,065 shares of
common stock.

Waiver of Interest Payments and Default

 On November 7, 2025, the Company entered into
a waiver agreement with the holder of the Company’s Senior Secured Convertible Note, dated February 4, 2025. Under this waiver,
the Holder agreed to waive all default penalties, default interest, and any acceleration rights arising from the Company’s failure
to make required cash interest payments due July 1, 2025 and October 1, 2025 on the note.

The waiver requires the Company to remit
all unpaid cash interest no later than December 31, 2025, unless such note is fully converted before that date. Other than the specific
waivers described above, all terms of the note, and other related transaction documents pursuant to which the note was issued remain
unchanged. The waiver is effective as of July 1, 2025. 

Securities Purchase Agreement

On November 12, 2025, the Company entered into a Securities Purchase
Agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”), pursuant to which
the Company agreed to issue and sell, and the Investors agreed to purchase, in multiple closings, a new series of senior secured convertible
notes of the Company in an aggregate original principal amount of up to $250,000,000 (the “Notes”), subject to the satisfaction
or waiver of certain closing conditions.

The Company expects to issue an initial Note in
an aggregate principal amount of