Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 48

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 1
Chunk 48
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 than 50% of the voting power for the election of directors. As a result, the Company
is no longer considered a “controlled company” for the purposes of the listing requirements of the Nasdaq Capital Market.
Since the Company did not take availed 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.

Stock Repurchase Program

On April 23, 2025, the Company’s Board of
Directors has approved a new Share Repurchase Program, which authorizes the Company to purchase up to an aggregate of $500,000 of the
Company’s outstanding shares of common stock in the open market in accordance with all applicable securities laws and regulations.
Repurchases under this program may be made at management’s discretion at the time and in the amounts determined by the Chief Executive
Officer and Chief Operating Officer of the Company. The Share Repurchase Program has an expiration date of December 31, 2025.

Change of Auditor

On April 29, 2025, the Company was notified by
Marcum LLP (“Marcum”) that Marcum resigned as the Company’s independent registered accounting firm effective immediately.
On April 29, 2025, the Company, with the approval of the Audit Committee (the “Committee”) of the Board of Directors of the
Company, accepted resignation of Marcum as the Company’s independent registered public accounting firm effective immediately. On
November 1, 2024, CBIZ CPAs P.C. (“CBIZ CPAs”) acquired the attest business of Marcum. On April 29, 2025, the Company, with
the approval of the Committee, engaged CBIZ CPAs to serve as the Company’s independent registered public accounting firm for the
fiscal year ending December 31, 2025 to be effective immediately.

ATM Offering

On November 22, 2024, the Company entered into a sales agreement (“ATM
Agreement”) with A.G.P./Alliance Global Partners, as sales agent (“AGP”), relating to the sale of common stock. During
the first quarter ended March 31, 2025, the Company issued an aggregate of 7,446,442 shares of common stock pursuant to such ATM Agreement
for net proceeds of $2,919,192. The Company paid the sales agent compensation with respect to sale of such shares in the amount of $104,371.