Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 8

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 8
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 to issue and sell
to Brown Stone, up to 3,051,336 shares of Common Stock, and/or pre-funded warrants to purchase shares of Common Stock, at a price equal
to $0.59 per share. Pursuant to the terms of the Brown Stone Agreement, on August 12, 2024 (“First Closing Date”), Company
issued Brown Stone 761,689 shares of Common Stock and a pre-funded warrant to purchase 509,498 shares of Common Stock. The Company received
net proceeds of $725,000 from this issuance, after deducting offering expenses. Remaining portion of 1,780,149 shares and/or pre-funded
shall be issued to Brown Stone on or before the date that is 14 calendar days after the date of the effectiveness of the registration
statement registering the shares issued on the First Closing Date and upon satisfaction of Additional Second Closing Conditions (as defined
in the Brown Stone Agreement). Such second closing was never consummated by the parties because Additional Second Closing Conditions
were not fully satisfied.

Cash Advance Agreements

In May 2024, the Company entered
into a standard merchant cash advance agreement with Cedar Advance LLC (“Cedar”) where the Company sold in the aggregate $761,250
in future receipts of the Company for $500,000. Until the purchase price has been repaid, the Company agreed to pay Cedar $23,000 per
week. The purchase price under this agreement was completely repaid in October 2024.

On October 7, 2024, the Company
entered into a second standard merchant cash advance agreement (“Cedar Cash Advance Agreement”) with Cedar pursuant to which
the Company sold to Cedar $616,250 of its future receivables for a purchase price of $425,000 less underwriting fees and expenses paid.
On October 7, 2024, the Company also entered into a Standard Merchant Cash Advance Agreement (the “Arin Cash Advance Agreement”)
with Arin Funding LLC (“Arin”) pursuant to which the Company sold to Arin $588,000 of its future receivables for the sale
of its goods and services, for a purchase price of $420,000 less fees and expenses paid. The purchase price under Cedar Cash Advance
Agreement and Arin Cash Advance Agreement was fully repaid as a result of February 2025 financing described below.

Private Placement 

On September 27, 2024, the Company issued to an unaffiliated private
investor a