Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1732

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1732
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,000 shares of the Company’s unregistered, restricted Common Stock, which were issued on October 13, 2023 and valued at $3.00
per share.

In December 2023, the Company executed a consulting
agreement with a service provider to supply certain investor relations services. As part of the agreement, the Company issued 100,000
shares of the Company’s unregistered, restricted Common Stock, which were issued on December 18, 2023 and valued at $1.98 per share.

In the fourth quarter of 2023, the Company acquired
controlling interests in four of its franchisees and full control of two of its franchisees. As part of the purchase consideration of
all six of the acquisitions, the Company issued 2,750,114 of the Company’s unregistered, restricted Common Stock. Each of the selling
members entered into lock-up/leak out agreements with the Company. Pursuant to these agreements, the selling members are restricted from
selling more than one-twelfth of the shares they received per calendar month during the one-year period commencing after the six-month
holding period under Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), subject to
applicable securities laws. See Note 3 — Business Combinations for additional information regarding the acquisitions.

On February 20, 2024, April 1, 2024, and July
15, 2024, the Company entered into securities purchase agreements with the same accredited investor for the issuance of senior secured
promissory notes. As part of these transactions, the Company issued 67,000 shares, 50,000 shares, and 29,800 shares respectively, of the
Company’s common stock as commitment fees. The value of the shares was allocated to the debt discount.

In February 2024, the Company executed a service
agreement with a service provider for efforts to initiate the Company’s brokerage business in Texas. The Company issued 5,000 shares
of the Company’s unregistered, restricted common stock to the service provider, which were issued on February 22, 2024 and valued
at $1.32 per share resulting in $6,589 of stock-based compensation expense.

In September 2023, the Company executed a consulting
agreement with a service provider to supply certain investor relations services post-IPO. The Company extended the agreement in March
2024 and issued