Company: LRHC
Filing Date: 2025-06-27
Form Type: S-1/A
Source: 0001213900-25-058528
Chunk: 46

Company: La Rosa Holdings Corp.
Filing Date: 2025-06-27
Form: S-1/A
Chunk 46
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 2023, the Company filed with
the Secretary of State of Nevada a Certificate of Designations, Preferences and Rights of the Company’s Series A Convertible Preferred
Stock (“Series A Preferred Stock”), designating 11,000 shares of the authorized preferred stock as the “Series A Convertible
Preferred Stock.” All shares of Series A Preferred Stock were automatically convertible into shares of the Company’s common
stock on the closing date of the IPO. The Company previously issued 3,436 shares of Series A Preferred Stock, all of which automatically
converted into the common stock of the Company upon the closing of the IPO. As of the date of the Prospectus, none of Series A Convertible
Preferred Stock are outstanding.

Series B Convertible Preferred Stock

No Dividends; Voting Rights

The Series B Preferred Stock bears no dividends.

Holders of shares of Series B Preferred Stock
are entitled to vote with the holders of outstanding shares of common stock of the Company, voting together as a single class, with respect
to any and all matters presented to the stockholders of the Company for their action or consideration (whether at a meeting or stockholders
of the Company, by written action of stockholders in lieu of a meeting or otherwise). In any such vote, each share of Series B Preferred
Stock will be entitled to a number of votes equal to the lesser of (a) the number of shares of common stock into which such shares of
Series B Preferred Stock are convertible as of the record date for such vote or written consent or, if there is no specified record date,
as of the date of such vote or written consent and (b) 4.99% of the shares of the Company’s common stock outstanding immediately
after giving effect to such a conversion (the “Maximum Percentage”).

Conversion Rights

Subject to the Maximum Percentage, holders
of outstanding shares of Series B Preferred Stock are entitled to convert any portion of the outstanding and unpaid Conversion Amount
(as hereinafter defined) thereof into shares of common stock at the Conversion Rate (as hereinafter defined). For such purpose: (i) “Conversion
Amount” means the stated value thereof and any other unpaid amounts owed to such holder(s) under the Exchange Documents (as defined
in the Exchange Agreement); (ii) “Conversion Rate” means the amount determined by dividing (x) such Conversion Amount by
(y) the Conversion Price; and (iii) “Conversion Price”, as of any date of determination and subject to adjustment as provided