Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 858

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 858
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 $1.20 per share resulting in $312,000 of stock-based compensation expense.

F-29

During 2024, $891,064 worth of principal and interest related to the
first and second senior secured promissory notes were paid down through the issuance of 934,230 restricted common stock. Additionally,
$150,000 worth of accounts payable was paid down through the issuance of 230,202 shares of restricted common stock.

During 2024, the Company issued 761,689 shares
of restricted common stock and 509,498 in prefunded warrants in order to raise capital. The pre-funded warrants were exercised by quarter
end. The restricted shares were granted at $0.59 per share and the pre-funded warrants were issued at $0.65 per share.

In September 2024, the Company executed a consulting
agreement to receive certain investor relations services. As part of the agreement, the Company issued 230,769 shares of unregistered,
restricted commons stock, which were issued on September 23, 2024 and valued at $0.65 per share.

During 2024, the Company purchased seven entities.
A portion of the purchase price for all of the entities were settled by the issuance of an aggregate of 1,618,630 unregistered, restricted
shares of the Company’s common stock. See Note 3— Business Combinations for additional information.

Debt Conversion to Common Stock

Upon the first day of trading of the Company’s
Common Stock on the Nasdaq stock exchange on October 10, 2023, one remaining convertible note with a principal balance plus accrued interest
of $26,265 was converted into 6,566 shares of the Company’s unregistered, restricted Common Stock based on the IPO price of $5.00.

Series X Super Voting Preferred Stock

On July 29, 2021, the Company filed an Amended
and Restated Articles of Incorporation with the Secretary of State of Nevada authorizing 50,000,000 shares of “blank check”
preferred stock. The Company designated 2,000 shares of the authorized preferred stock as Series X Super Voting Preferred Stock and issued
100% of the Super X Super Voting Preferred Stock to the Company’s CEO. Each share of the Series X Super Voting Preferred Stock entitles
its holder to 10,000 votes per share and votes with the Company’s Common Stock as a single class on all matters to be voted or consented
upon by the stockholders