Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1949

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1949
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 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. The Series X Super Voting Preferred Stock is not convertible into Common Stock or any other securities of the
Company. The holders of the Series X Super Voting Preferred Stock are not entitled to any dividend rights or any liquidation preference
and have no subscription, redemption or conversion privileges.

Series A Preferred Stock

On February 13, 2023, the Company designated 11,000
shares of the authorized preferred stock as series A preferred stock. The holders of the series A preferred stock do not have voting rights,
redemption rights, dividend rights, anti-dilution rights, nor liquidation rights. Each share of the series A preferred stock