Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1032

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 1032
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 $500,000. Until the purchase price
has been repaid, the Company agreed to pay lender $23,000 per week.

In August 2024, we received $725,000 in net proceeds,
excluding equity issuance costs of approximately $25,000, by issuing 761,689 shares of common stock and a pre-funded warrant to purchase
509,498 shares of common stock pursuant to a securities purchase agreement with an institutional accredited investor, Brown Stone Capital
Ltd., at a price equal to $0.59 per share.

In September 2024, we entered into a promissory
note for the principal amount of $200,000. The promissory note bears interest at 12.5% per annum. The note is payable in three monthly
installments of $75,000, beginning on November 1, 2024, with subsequent payments due on December 1, 2024, and January 1, 2025. Note 15
— Subsequent Events for additional information.

On November 1, 2024, the Company
entered into a securities purchase agreement with an institutional accredited investor, Abri Advisors, Ltd. (“Abri”), pursuant
to which the Company agreed to issue and sell to Abri, up to 1,335,826 shares of Common Stock and/or pre-funded warrants to
purchase shares of Common Stock, at a price equal to $0.3743 per share. The Company also granted Abri piggy-back registration rights and
entered into a registration rights agreement with respect to the securities being issued in this financing. The closing took place on
November 1, 2024 and the Company issued Abri 936,264 shares of Common Stock and a pre-funded warrant to purchase 399,562 shares of Common
Stock. The Company received net proceeds of $480,000 on the closing date, after deducting offering expenses.

Furthermore, during the period required to
achieve substantially higher revenue in order to become profitable, we will require additional funds that might not be readily
available or might not be on terms that are acceptable to us, or at all. Until such time that we fully implement our growth
strategy, we expect to continue to generate operating losses in the foreseeable future, mostly due to corporate overhead and costs
of being a public company. As such, we anticipate that our existing working capital, including cash on hand and cash generated from
operations, will not be sufficient to meet projected operating expenses for