Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 291

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 291
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its entirety. On July 11, 2025, the Company filed a preliminary information statement on Schedule 14C with the SEC notifying stockholders
of such written consent. On July 21, 2025, the Company filed a definitive information statement on Schedule 14C with the SEC and commenced
mailing the definitive information statement to stockholders of record as of the close of business on July 9, 2025. Such stockholders’
approval and the Second Amended 2022 Plan became effective on August 11, 2025.

45

My
Agent Account Version 4.0

On
July 7, 2025, the Company announced the launch of My Agent Account (MAA) Version 4.0, a major enhancement to the Company’s proprietary
agent platform. The new version, which went live on July 1, 2025, features a fully integrated Transaction Management module that is intended
to deliver significant cost savings to the Company by improving efficiency, reducing manual processes, and eliminating reliance on expensive
third-party systems. MAA, the Company’s proprietary platform, was designed to empower agents with a comprehensive suite of tools
and resources. Serving as a centralized hub, it enables agents by streamlining daily operations, consolidating essential business tools,
and reducing administrative workload. With the introduction of the new transaction module, the Company has significantly improved the
platform’s ability to manage workflows. All La Rosa agents have access to MAA and are required to pay an annual subscription fee
per agent for it.

Change
in Controlled Company Status

As
of December 31, 2024, the Company qualified as a “controlled company” because more than 50% of the voting power for the election
of directors was held by Joseph La Rosa, our Chief Executive Officer and Chairman. As a result of certain sales under the Company’s
previously announced at-the-market offering, as of April 16, 2025, Mr. La Rosa no longer held more than 50% of the voting power for the
election of directors. As a result, the Company was no longer considered a “controlled company” for the purposes of the listing
requirements of the Nasdaq Capital Market. Since the Company did not avail itself of certain of the controlled company exemptions afforded
by Nasdaq to controlled companies, such change in the Company’s status did not result in any corporate governance changes for the
Company. On July 7, 2025, the Company regained