Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 196

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 196
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 described above, all terms of the note, and other related transaction documents pursuant to which the note was issued remain
unchanged. The waiver is effective as of July 1, 2025. 

Securities Purchase Agreement

On November 12, 2025, the Company entered into a Securities Purchase
Agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”), pursuant to which
the Company agreed to issue and sell, and the Investors agreed to purchase, in multiple closings, a new series of senior secured convertible
notes of the Company in an aggregate original principal amount of up to $250,000,000 (the “Notes”), subject to the satisfaction
or waiver of certain closing conditions.

The Company expects to issue an initial Note in
an aggregate principal amount of $11,000,000 at the initial closing (the “Initial Closing”) upon the satisfaction or waiver
of certain closing conditions. Subject to certain conditions described in the Purchase Agreement, the Company has the option to request
that the Investor purchase additional Notes (the “Company’s Option Closing”), and the Investor has the option to cause
the Company to sell additional Notes (the “Investor’s Option Closing” and together with the Company’s Option Closing,
(the “Additional Closings”) and together with the Initial Closing, each a “Closing”), provided that the aggregate
original principal amount of any Notes issued in each Additional Closing shall not exceed $5,000,000 individually, and not more than $239,000,000
in the aggregate for all Additional Closings. The purchase price for each Note will be $900 for each $1,000 of principal amount of Note.

The Notes will be convertible into shares (the
“Conversion Shares”) of the Company’s common stock, par value $0.0001 per share (the “common stock”), at
a conversion price equal to 120% of the lower of (i) Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) on
the trading day immediately prior to (x) with respect to the Initial Closing the lower of the date of the Initial Closing (the “Initial
Closing Date”) and the date of the Purchase Agreement and (y) with respect to each Additional Closing, the date of such Additional
Closing, and (ii) the average Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) for the five trading days
immediately preceding (x) with