Company: LRHC
Filing Date: 2025-11-24
Form Type: 8-K/A
Source: 0001213900-25-113796
Chunk: 5

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: 8-K/A
Chunk 5
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the Company’s balance sheet, (ii) $2,000,000 of the net proceeds to redeem a portion of the outstanding shares of the Series X Preferred
Stock pursuant to the Redemption Agreement, (iii) $500,000 of the net proceeds will be kept in a controlled account to fund the redemption
of remaining shares of the Series X Preferred Stock in accordance with the terms of the Redemption Agreement, and (iv) any remaining proceeds,
not to exceed $400,000, from the Initial Closing for general corporate purposes, working capital, acquisitions and other strategic transactions,
and (B) at any Additional Closing, ninety percent (90%) of net proceeds must be used to acquire Note Purchased Crypto as a treasury asset
for the Company’s balance sheet, and any remaining proceeds from the Additional Closing for general corporate purposes, working
capital, acquisitions and other strategic transactions, but not, in any case without the consent of the Lead Buyer, directly or indirectly,
for (i) the satisfaction of any indebtedness of the Company or any of its subsidiaries, (ii) the redemption or repurchase of any other
securities of the Company or any of its subsidiaries, or (iii) the settlement of any outstanding litigation. In addition, the Company
will use at least ninety percent (90%) of the net proceeds from the sale of Common Stock pursuant to any equity line of credit, equity
purchase facility or at-the-market offering to acquire Note Purchased Crypto as a treasury asset for the Company’s balance sheet,
with any remaining proceeds to be used for general corporate purposes, working capital, acquisitions, and other strategic transactions.

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A.G.P./Alliance Global Partners served as placement agent in connection with the offering and will receive cash compensation not exceeding 7% of the gross proceeds of each Closing.

Also on November 12, 2025, the Company engaged Nick Adler as its special advisor in connection with the Company’s new strategy to leverage its real estate platform and access to new capital in order to expand into the AI ecosystem through strategic acquisitions, partnerships, and the development of next-generation data center facilities under a written agreement between them (the “ Special Advisor Agreement”). Under the Special Advisor’s Agreement, Mr. Adler was engaged on a non-exclusive basis, and the Company agreed to pay Mr. Adler a monthly fee of $5,000 for his services. The Company intends to explore opportunities to strengthen its relationship with Mr. Adler, including a potential nomination to the Board of