Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1094

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 1094
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 paid to the
Holder $379,082.79 (the “Redemption Price”) in consideration of the redemption and cancellation of the 100% of the
Warrants. Upon the Holder’s receipt of the Redemption Price, the Warrants were redeemed, cancelled and terminated in full.  

F-38

Additionally, the Company and the Holder confirmed in the Redemption
Agreement, that prior to January 22, 2025, (1) the First Warrants (as defined in the Agreements) issued by the Company to the Holder in
February 2024 and July 2024 were fully exercised by the Holder, and (2) the Second Warrant (as defined in the Agreement) issued by the
Company to the Holder in February 2024 was cancelled and extinguished in its entirety due to the full repayment of the Note (as defined
in such warrant).

Securities Purchase Agreement

On February 4, 2025 (the “Closing Date”), the Company and
an institutional investor (the “Investor”) entered into a Securities Purchase Agreement (the “SPA”), pursuant
to which the Company issued to the Investor: (i) a Senior Secured Convertible Note in the original principal amount of $5,500,000 which
matures on February 4, 2027 (the “Initial Note”); and (ii) sixteen (16) warrants (“Incremental Warrants”), each
to purchase additional Notes in an original principal amount up to $2,500,000 at an exercise price of $2,256,250, in substantially the
same form as the Initial Note (“Incremental Notes” and together with the Initial Note, the “Notes”). The purchase
price paid by the Investor under the SPA for the Initial Note and Incremental Warrants was $4,963,750.

The $4,963,750 in gross proceeds from the offering was used by the
Company to pay-off certain indebtedness of the Company, pay certain outstanding fees and expenses (including expenses of the offering,
and fees payable to the placement agent and advisors), acquisitions and general corporate purposes. Of the proceeds from the offering,
$354,450 was paid to satisfy, in full, the remaining balance of the standard merchant cash advance agreements with Cedar Advance, LLC,
$340,421 was paid to satisfy, in full, the remaining balance of the standard merchant cash advance agreement with Arin Funding, LLC and
$910,250 was paid to satisfy, in full,