Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 35

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 35
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common stock during a specified period.

19

La
Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

Other
redemptions, such as those triggered by subsequent placements or asset sales, are payable at 100% of the applicable amount and are not
subject to a premium.

On
May 23, 2025, the Company and the Investor holding the Initial Note and Incremental Warrants entered into a waiver agreement pursuant
to which, effective as of May 20, 2025, through May 30, 2025, the holder waived all rights to default-related penalties, default interest,
and acceleration of any amounts due under the Initial Note, as well as any other rights arising from an event of default under the SPA,
the Initial Note, the Incremental Warrants, and the related transaction documents, specifically with respect to the Company’s untimely
filing of its Quarterly Report on Form 10-Q. In addition, the Investor waived the requirement under the related Registration Rights Agreement
to register for resale the shares of common stock issuable upon conversion of the Notes (other than the Initial Note) in the initial
registration statement filed by the Company with the SEC on February 14, 2025, and all related rights to receive any Registration Delay
Payments (as defined in the Registration Agreement). The Company agreed to file subsequent registration statements within thirty (30)
calendar days following the issuance of any Incremental Notes pursuant to the exercise or call of an Incremental Warrant, registering
for resale by the Investor all shares issuable upon the conversion of such notes.

On June 18, 2025, the Company and the Investor
entered into an Amendment and Exchange Agreement (the “Exchange Agreement”) pursuant to which (among other things) the Investor
surrendered and exchanged all of its Incremental Warrants in exchange for (the “Exchange”) 6,000 shares of the Company’s
Series B Convertible Preferred Stock, par value $0.0001 per share (“Series B Preferred Stock”). On the same date, the Company
filed a Certificate of Designation of Rights and Preferences of the Series B Preferred Stock (the “Certificate of Designation”)
with the Secretary of State of Nevada. The Initial Note remains outstanding post-Exchange. See Note 8 – Stockholder’s Equity
for further discussion.

On June 26, 2025, the Company and the Investor
entered into an