La Rosa Holdings Corp. Completes Acquisition, Enters Agreement
Ticker: LRHC · Form: 8-K · Filed: Oct 24, 2024 · CIK: 1879403
Sentiment: neutral
Topics: acquisition, material-agreement, financial-obligation
TL;DR
La Rosa Holdings Corp. just closed a deal and signed a new agreement, plus they've got new debt. Big moves!
AI Summary
La Rosa Holdings Corp. announced on October 18, 2024, the completion of an acquisition, entering into a material definitive agreement, and incurring a direct financial obligation. The company also reported on its results of operations and financial condition. Specific details regarding the acquisition, agreement, and financial obligations were not provided in this summary.
Why It Matters
This filing indicates significant corporate activity for La Rosa Holdings Corp., including a completed acquisition and a new material agreement, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and completion of an acquisition, which often involve significant financial commitments and integration risks.
Key Players & Entities
- La Rosa Holdings Corp. (company) — Registrant
- October 18, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-41588 (identifier) — SEC File Number
- 87-1641189 (identifier) — I.R.S. Employer Identification No.
- 1420 CELEBRATION BLVD STE 200 (address) — Business and Mail Address
- CELEBRATION, FL 34747 (address) — Business and Mail Address
- 407-592-4667 (phone_number) — Business Phone
FAQ
What was the nature of the material definitive agreement entered into by La Rosa Holdings Corp. on October 18, 2024?
The filing states that La Rosa Holdings Corp. entered into a material definitive agreement on October 18, 2024, but the specific terms and nature of this agreement are not detailed in the provided text.
What acquisition was completed by La Rosa Holdings Corp. on or around October 18, 2024?
The filing confirms the completion of an acquisition by La Rosa Holdings Corp. on October 18, 2024, but does not specify the target company or the terms of the acquisition.
What is the direct financial obligation incurred by La Rosa Holdings Corp. as reported in this 8-K?
The filing indicates the creation of a direct financial obligation by La Rosa Holdings Corp. on October 18, 2024, but the details of this obligation, including the amount and terms, are not provided in the excerpt.
What are the key results of operations and financial condition reported by La Rosa Holdings Corp. in this filing?
The filing mentions reporting on the results of operations and financial condition for La Rosa Holdings Corp., but the specific financial details or performance metrics are not included in the provided text.
When was the earliest event reported in this Form 8-K filing?
The earliest event reported in this Form 8-K filing by La Rosa Holdings Corp. occurred on October 18, 2024.
Filing Stats: 1,183 words · 5 min read · ~4 pages · Grade level 9.6 · Accepted 2024-10-24 16:30:31
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value LRHC The Nasdaq Stock Mar
- $11,904.76 m — Company agreed to pay to Ms. Fernandez $11,904.76 monthly over a period of 7 years. The Com
- $5.00 — the Company's shares reaches a value of $5.00 as listed on the Nasdaq. In connectio
- $45 m — 2024 fiscal year totaling an estimated $45 million, which represents an approximatel
Filing Documents
- ea0218365-8k_larosa.htm (8-K) — 47KB
- ea021836501ex10-1_larosa.htm (EX-10.1) — 28KB
- ea021836501ex10-2_larosa.htm (EX-10.2) — 5KB
- ea021836501ex10-3_larosa.htm (EX-10.3) — 20KB
- ea021836501ex99-1_larosa.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 13KB
- 0001213900-24-090402.txt ( ) — 322KB
- lrhc-20241018.xsd (EX-101.SCH) — 3KB
- lrhc-20241018_lab.xml (EX-101.LAB) — 33KB
- lrhc-20241018_pre.xml (EX-101.PRE) — 22KB
- ea0218365-8k_larosa_htm.xml (XML) — 4KB
02
Item 2.02 Results of Operations and Financial Condition. On October 23, 2024, the Company issued a press release announcing preliminary unaudited revenue for the first nine months of 2024 fiscal year totaling an estimated $45 million, which represents an approximately 120% increase in revenue year-over-year, as compared to the same period in 2023. The Company stated in the press release that preliminary revenue figures described in the press release are unaudited and subject to customary adjustments. The Company also stated in the press release that it expects to release its full financial results for the third quarter of 2024 in the coming weeks. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. To the extent required by Item 2.03 of Form 8-K, the information contained in Item 1.01 of this Current Report is incorporated herein by reference. 1
01
Item 8.01 Other Events. A copy of the press release referenced in Item 2.02 of this Current Report on Form 8-K is as Exhibit 99.1 to this Current Report on Form 8-K. The disclosure under Item 8.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information provided herein shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed herewith: Exhibit No. Description 10.1 Form of Mediated Settlement Agreement by and among La Rosa Holdings Corp., Nona Legacy Powered by La Rosa Realty, Inc., Joseph La Rosa, and Norkis Fernandes dated October 18, 2024. 10.2 Form of Assignment of Capital Stock dated October 21, 2024. 10.3 Form of Stock Pledge Agreement by and between La Rosa Holdings Corp. and Norkis Fernandez, dated October 18, 2024 99.1 Press Release of La Rosa Holdings Corp., dated October 23, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 24, 2024 LA ROSA HOLDINGS CORP. By: /s/ Joseph La Rosa Name: Joseph La Rosa Title: Chief Executive Officer 3