Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1096

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 1096
---
 Senior Secured promissory
notes converted 1,676,189 shares of the Company’s common stock as part of their First warrants and principal and interest conversions.

In Q1 2025, the company utilized their ATM and
sold a total of 7,668,442 shares of the Company’s common stock.

The remaining 373,215 shares were made up of small
quantity transactions that are not material enough to disclose separately, a portion of these shares are shares that vested from RSU’s
grants.

F-39

Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures.

We maintain disclosure controls
and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Disclosure controls and procedures are controls
and other procedures designed to ensure that the information required to be disclosed by us in the reports that we file or submit under
the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms.
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to
be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including
our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter
how well designed and operated, can provide only reasonable and not absolute assurance of achieving the desired control objectives, and
management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As of December 31, 2024, we conducted an evaluation, under the supervision
and with the participation of our Chief Executive Officer and Interim Chief Financial Officer, of our disclosure controls and procedures
(as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based upon this evaluation, our Chief Executive Officer
and Interim Chief Financial Officer concluded that our disclosure controls and procedures are ineffective, as we are a newly publicly
traded company with limited resources in our finance department, and we are in the process of establishing our procedures around our disclosure
controls.

Management’s Annual Report on Internal
Controls over Financial Reporting

Management is responsible for establishing and