Company: LRHC
Filing Date: 2025-07-11
Form Type: PRE 14C
Source: 0001213900-25-063319
Chunk: 9

Company: La Rosa Holdings Corp.
Filing Date: 2025-07-11
Form: PRE 14C
Chunk 9
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 of the then outstanding shares of Series B Preferred Stock at a price equal to the
greater of (i) the Conversion Amount being redeemed and (ii) the product of (1) the Conversion Rate with respect to the Conversion Amount
being redeemed multiplied by (2) the greatest Closing Sale Price (as defined therein) of the Common Stock on any trading day during the
period commencing on the date immediately preceding the date of the Company’s notice to the holder(s) of Series B Preferred Stock
of such redemption and ending on the trading day immediately prior to the date the Company makes the entire redemption payment required
to be made under the Certificate of Designation.

Upon issuance of Series B
Convertible Preferred Stock to the Investor, all Incremental Warrants were cancelled.

Nasdaq Listing Requirements and the Necessity of Stockholder Approval

Our Common Stock’s listing
on the Nasdaq Capital Market subjects us to Nasdaq’s Listing Rules. The issuance of the New Conversion Shares triggers the following
Nasdaq Listing Rules (the “20% Rule”) requiring prior stockholder approval to maintain our listing:

| Ø | Nasdaq Listing Rule 5635(b)                                                                                                            
 mandates stockholder approval for any issuance potentially resulting in a “change of control.” A single or affiliated group            
 acquiring as little as 20% of the Common Stock or voting power, becoming the largest ownership position, may trigger this requirement. |

| Ø | Nasdaq Listing Rule 5635(d) necessitates stockholder approval before any nonpublic offering involving the sale or potential sale of Common Stock (or convertible securities), equal to 20% or more of the pre-issuance Common Stock or voting power, at a price below the last close or the average closing price over the preceding five trading days. |

The potential for the effective
conversion price(s) of the Series B Preferred Stock to adjust, resulting in our Common Stock being issued at a discount, invokes Nasdaq
Listing Rule 5635(d). Assuming full conversion of the Series B Preferred Stock and certain conversion price adjustments under the Certificate
of Designation, such issuances could involve at many times more than 20% of the number of shares of our Common Stock presently outstanding.
This scenario would require prior stockholder approval under Nasdaq Listing Rule 5635(b).

The Majority Stockholders
Consent constitutes the only stockholder approval required under the NRS, Nasdaq’s 20% Rule, our Amended and Restated Articles of
Incorporation and our By