Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 369

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 369
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 July of 2024. The amendment extended
the maturity date for all three notes to August 1, 2025, and delayed payments until February 1, 2025. See Note 6 — Borrowings and
Note 15 — Subsequent Events for additional information.

F-7

In May 2024, we entered into a standard merchant
cash advance agreement where we 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 lender $23,000 per week.

In August 2024, we received $725,000 in net proceeds,
excluding equity issuance costs of approximately $25,000, by issuing 761,689 shares of common stock and a pre-funded warrant to purchase
509,498 shares of common stock pursuant to a securities purchase agreement with an institutional accredited investor, Brown Stone Capital
Ltd., at a price equal to $0.59 per share.

In September 2024, we entered into a promissory
note for the principal amount of $200,000. The promissory note bears interest at 12.5% per annum. The note is payable in three monthly
installments of $75,000, beginning on November 1, 2024, with subsequent payments due on December 1, 2024, and January 1, 2025. Note 15
— Subsequent Events for additional information.

On November 1, 2024, the Company
entered into a securities purchase agreement with an institutional accredited investor, Abri Advisors, Ltd. (“Abri”), pursuant
to which the Company agreed to issue and sell to Abri, up to 1,335,826 shares of Common Stock and/or pre-funded warrants to
purchase shares of Common Stock, at a price equal to $0.3743 per share. The Company also granted Abri piggy-back registration rights and
entered into a registration rights agreement with respect to the securities being issued in this financing. The closing took place on
November 1, 2024 and the Company issued Abri 936,264 shares of Common Stock and a pre-funded warrant to purchase 399,562 shares of Common
Stock. The Company received net proceeds of $480,000 on the closing date, after deducting offering expenses.

Furthermore, during the period required to
achieve substantially higher revenue in order to become profitable, we will require additional