Form 8-K - Current report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 18, 2024

 

La Rosa Holdings Corp.

(Exact name of registrant as specified in its charter)

 

Nevada		001-41588		87-1641189
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

1420 Celebration Blvd., 2nd Floor Celebration, Florida		34747
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code:

[phone]

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value		LRHC		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

 

 

 

 

Item 1.01 Entry into a Definitive Material Agreement

 

On October 18, 2024, La Rosa Holdings Corp., a Nevada corporation (the “Company”), Nona Legacy Powered by La Rosa Realty, Inc., a majority owned subsidiary of the Company (the “LRLN”), Joseph La Rosa (collectively with LRLN and the Company, the “Plaintiffs”), and Norkis Fernandez entered into a mediated settlement agreement (“Settlement Agreement”). Pursuant to the Settlement Agreement, Ms. Fernandez agreed to sell to the Company 49 shares of capital stock of LRLN, representing 49% of issued and outstanding capital stock of LRLN to the Company, and the Company agreed to pay to Ms. Fernandez $11,904.76 monthly over a period of 7 years. The Company agreed to pledge 49% of the stock of LRLN as a security for the settlement amounts to be paid to Ms. Fernandez. The Plaintiffs also agreed to dismiss with prejudice or cause to be dismissed with prejudice, any and all lawsuits against Mr. Fernandez, including the case of La Rosa Realty Lake Nona, Inc. v. Olga Norkis Fernandez Valdez a/kla Norkis Fernandez, et al., pending in the Circuit Court of Orange County, Florida, within 10 days the from the date of the Settlement Agreement by filing a motion for dismissal with prejudice with the court reserving jurisdiction to enforce the Settlement Agreement. Pursuant to the Settlement Agreement, Ms. Fernandez agreed not to sell more than 10,000 of her shares of the Company per month, unless and until such time as the value of the Company’s shares reaches a value of $5.00 as listed on the Nasdaq.

 

In connection with the Settlement Agreement, on October 21, 2024, Ms. Fernandez signed an assignment of capital stock (“Assignment of Capital Stock”), pursuant to which she sold, assigned and transferred to the Company all rights, title, and interest in 49 shares of capital stock of LRLN. As a result, LRLN became a wholly-owned subsidiary of the Company.

 

On October 21, 2024, the Company and Ms. Fernandez signed a stock pledge agreement (the “Stock Pledge Agreement”), pursuant to which the Company granted Ms. Fernandez a security interest in 49 shares of capital stock of LRLN owned by the Company. 

 

The foregoing descriptions of the Settlement Agreement, Assignment of Capital Stock, and Stock Pledge Agreement do not purport to be complete and are qualified in their entirety by reference to the Settlement Agreement, Assignment of Capital Stock, and Stock Pledge Agreement which are attached hereto as Exhibits 10.1, 10.2 and 10.3 and are incorporated herein by reference.

 

Item 2.01 Completion of Acquisition or Disposition of Assets.

 

The information contained in Item 1.01 of this Current Report about the Company’s acquisition of 49 shares of capital stock of LRLN under the Settlement Agreement and Assignment of Capital Stock is incorporated by reference herein.

 

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.

 

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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.

 

Item 9.01 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).

 

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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

 

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Exhibit 10.1

 

MEDIATED SETTLEMENT AGREEMENT

 

La Rosa Holdings, Corp. (hereinafter “LRHC”), Nona Legacy Powered by La Rosa Realty, Inc. f/k/a La Rosa Realty Lake Nona, Inc. (hereinafter “LRLN”), Joe La Rosa (hereinafter “La Rosa”), together with their successors, heirs, and assigns (collectively, “Plaintiffs”) and Norkis Fernandez, together with her successors, heirs, and assigns (“Fernandez”) (the “Plaintiffs” and “Fernandez” are collectively referred to herein as the “Parties”), as of October 18, 2024 (“Effective Date”), hereby enter into this Mediated Settlement Agreement (the “Agreement”), hereby agree as follows:

 

1.

Payment to Fernandez: Plaintiffs shall pay or cause to be paid to Fernandez the following, which shall be referred to hereinafter as the “Settlement Sum”:

 

a.

A total of $1,000,000.00 (the “Settlement Sum”) in equal payments of $11,904,76 over a period of 7 years, with each payment being due and owing on the 1st day of the month and late on the 3rd day of the month.

 

b.

The first payment shall be due and payable on November 1, 2024.

 

2.

Sale of LRHC Shares by Fernandez: Fernandez agrees that she shall not sell more than 10,000 of her shares of LRHC per month, unless and until such time as the value of the LRHC shares reaches a value of $5.00 as listed on the Nasdaq.

 

3.

Dismissal of Litigation: Plaintiffs shall dismiss with prejudice, or cause to be dismissed with prejudice, any and all lawsuits against Norkis, including, without limitation, the case of La Rosa Realty Lake Nona, Inc. v. Olga Norkis Fernandez Valdez a/kla Norkis Fernandez, et al., Case No. 2024-CA-006534, pending in the Circuit Court of Orange County, Florida, within 10 days of the Effective Date by filing a motion for dismissal with prejudice with the Circuit Court reserving jurisdiction to enforce this Agreement.

 

4.

Pledge of 49% of Stock of LRLN: LRHC hereby pledges and agrees to cause to be pledge, 49% of the stock of of LRLN as security for the Settlement Sum owed hereunder. Upon final payment of the Settlement Sum, the pledge of 49% of the stock of LRLN shall expire and be of no further force or effect.

 

5.

General Releases: The Parties, for good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby acknowledged, unconditionally and irrevocably remise, waive, satisfy, release, acquit, and forever discharge each other, and all employees, directors, officers, affiliates, agents, relatives, and successors and assigns, from and against any and all claims, counterclaims, actions, suits, rights, causes of action, legal or administrative complaints, lawsuits, set-offs, costs, losses, controversies, agreements, franchise agreements, contracts, restrictive covenants, promises, and demands or liabilities, of whatever kind or character, including, without limitation, all claims, accrued or unaccrued, direct or indirect, latent or patent, whether known or unknown.

 

6.

Default: If any payment is more than IO days past due, it shall constitute a default under the terms of this Agreement. In the event that any Party to this Agreement believes that a default under the terms of this Agreement has occurred, the non-defaulting Party shall provide written notice of such default (the “Default Notice”) to the defaulting Party. The Default Notice shall specify the nature of the default, the actions required to cure the default, and shall be sent via certified mail, return receipt requested, or by a recognized overnight courier service to the addresses provided by the Parties in this Agreement.

 

Upon receipt of the Default Notice, the defaulting Party shall have a period of fifteen (15) days (the “Cure Period”) to cure the specified default. If the default is curable and the defaulting Party cures the default within the Cure Period, no further action shall be taken.

 

 

 

 

If the defaulting Party fails to cure the default within the Cure Period, the non-defaulting Party shall have the right to pursue any and all remedies available under this Agreement, at law, or in equity, including, but not limited to, seeking an immediate default final judgment for the full extent of the Settlement Sum, minus any payments already made and received.

 

7.

Non-Dischargeability: With respect to all payment obligations to Fernandez of the Settlement Sum, to the fullest extend allowed by law, this Agreement and the liability and obligations hereunder are not intended to be, and shall not be, dischargable, avoidable, modified, compromised, rejected, or discounted under the provisions of the United States Bankruptcy Code, and shall survive any bankruptcy unaltered and in full force and effect.

 

8.

Confidentiality: The Parties shall keep the terms and conditions of this agreement strictly confidential. The Parties may say that the matter was settled, and the terms and conditions may be disclosed to accountants, and lawyers. Notwithstanding anything contained in this Agreement the contrary, LRHC shall be permitted to disclose certain terms set forth herein this Agreement to comply with federal SEC regulations and filing requirements. Nothing herein shall prevent a party from responding to a lawfully issued subpoena. Any default hereunder shall in no way affect the enforceability of the other terms and conditions of the Agreement. The non-defaulting party shall be entitled to emergency, temporary, and permanent injunctive relief.

 

9.

Merger and Integration: This Agreement constitutes the entire agreement between the parties and supersedes any prior written or oral understandings, agreements, negotiations, or representations by or among the parties hereto.

 

10.

Notice. All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered personally, sent by registered or certified mail, return receipt requested, postage prepaid, or sent by a recognized overnight courier service to the Parties at the addresses set forth in this Agreement or to such other address as any Party may have furnished to the others in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (a) if delivered personally, on the date of such delivery, (b) if sent by registered or certified mail, on the date receipt is acknowledged, and (c) if sent by recognized overnight courier service, one business day after the date of dispatch.

 

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Notice to LRHC, LRLN & La Rosa:

 

Mr. Koey Alberts

1420 Celebration Blvd. Suite 200

Celebration, FL 34747

Email: [e-mail]

 

With Copy To:

 

Michele Diglio-Benkiran, Esquire

Legal Counsel, P.A.

13330 W. Colonial Dr. #110

Winter Garden, FL 34 787

Email: [e-mail]

 

Notice to Fernandez:

 

Norkis Fernandez; [*]

[*]

 

With Copy to: Michael A. Sasso; [e-mail];

 

11.

Miscellaneous.

 

a.

Choice of Law. This Settlement Agreement will be governed by the laws of Florida.

 

b.

Venue. Sole and exclusive venue to enforce this agreement and any and all claims related thereto shall be in Orange County, Florida.

 

c.

Attorney’s Fees. The prevailing party in any litigation arising out of or related to this Settlement Agreement shall recover their attorney’s fees and costs incurred at trial and on appeal.

 

d.

Modification. This Settlement Agreement shall not be modified or amended in any way except by writing executed by all Parties.

 

e.

Binding on Heirs, Successors, and Assigns. This Settlement Agreement shall be binding upon and shall incur to the benefit of the parties and their heirs, successors and assigns.

 

f.

Severability. Should any portion of this Settlement Agreement be deemed ineffective or invalid by the decision of any Court or passage of any legislation, it is the intention of the parties that the Settlement Agreement shall be construed as if the invalid provision, had not been contained herein, and the Settlement Agreement shall be otherwise valid.

 

g.

Cooperation and Further Execution of Documents. The Parties hereby agree to execute any and all other and further documents as are reasonably necessary to effectuate the terms and conditions of this Agreement, including, without limitation, all those necessary to pledge shares in La Rosa Realty Lake Nona, Inc. Said documents shall be executed within a reasonable time of being furnished to the other party; a period of 3 business days shall be presumptively reasonable under this clause, pending any reasonable edits, comments, or other changes to said documents.

 

h.

Within 10 days of the execution of this Mediated Settlement Agreement. the Parties shall execute an Agreement for the Sale of the shares of stock of LRLN pursuant to the terms set forth herein.

 

i.

By 5PM on Monday, October 21, 2024, LRHC and Fernandez agree to execute and deliver an Affidavit Concerning the Transfer of LRLN Stock and a Stock Pledge Agreement.

 

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NONA LEGACY POWERED BY LA ROSA REALTY, INC. F/K/A LA ROSA REALTY LAKE NONA, INC.			JOE LAROSA
Dated: October 18th ,2024			Dated: October 18th ,2024
By:	Joseph La Rosa
As:	CEO
			NORKIS FERNANDEZ
			Dated: October 18th ,2024
LA ROSA HOLDINGS, CORP.
Dated: October 18th ,2024
By:	Joseph La Rosa
As:	CEO

 

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Exhibit 10.2

 

ASSIGNMENT OF CAPITAL STOCK

 

WHEREAS, Olga Norkis Fernandez Valdez a/k/a Norkis Fernandez (hereinafter the “Assignor”) is the owner of 49 shares of the capital stock of Nona Legacy Power By La Rosa Realty, Inc. f/k/a La Rosa Realty Lake Nona, Inc., a Florida corporation (hereinafter “LRLN”); &

 

WHEREAS, pursuant to that certain Mediated Settlement Agreement dated October 18, 2024, Assignor agreed to sell her 49 shares of the capital stock of LRLN to La Rosa Holdings Corp. (hereinafter the “Assignee”).

 

WHEREAS, Assignor, in order to effectuate and consummate Assignee’s purchase of Assignor’s 49 shares of the capital stock of LRLN, is required to assign all of Assignor’s rights, title and interest in and to Assignor’s 49 shares of the capital stock of LRLN to Assignee.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, Assignor hereby sells, assigns, transfers, and quit claims to Assignee all Assignor’s rights, title and interest in and to 49 shares of the capital stock of LRLN.

 

	Olga Norkis Fernandez Valdez
	a/k/a/ Norkis Fernandez

 

STATE OF FLORIDA)

 

COUNTY OF ORANGE)

 

The foregoing instrument was acknowledged before me on the __ day of October, 2024, by means of __ online notarization or __ physical presence by Olga Norkis Fernandez Valdez a/k/a Norkis Fernandez. She __ is personally known to me, __ has produced a Florida driver’s license as identification, or __ has produced the following as identification: __________________.

 

	Notary Public - State of Florida

 

Exhibit 10.3

 

STOCK PLEDGE AGREEMENT

 

THIS STOCK PLEDGE AGREEMENT (the “Agreement’’) is effective as of the 18 day October, 2024 by and between La Rosa Holdings Corp. (the “Pledgor”), and Olga Norkis Fernandez Valdez a/k/a Norkis Fernandez (the “Pledegee”) (the Pledgor and Pledgee are collectively the “Parties”).

 

RECITALS

 

WHEREAS, Pledgor has purchased from Pledgee forty-nine (49) shares of the issued and outstanding capital stock of Nona Legacy Powered By La Rosa Realty, Inc. f/k/a La Rosa Realty Lake Nona, Inc. (the “Company”) pursuant to the terms of that certain Mediated Settlement Agreement between Pledgor and Pledgee dated October 18, 2024 (the “Settlement Agreement”);

 

WHEREAS, Pledgor agreed to pay Pledgee One Million Dollars (the “Sale Price’’) by a series of installment payments in return for Pledgee’s forty-nine (49) shares of the issued and outstanding capital stock of the Company, and other good and valuable consideration; &

 

WHEREAS, In order to secure the payment of the Sale Price, Pledgor has agreed to pledge forty-nine (49) shares of the issued and outstanding capital stock of the Company, owned by Pledgor to Pledgee until the Sale Price is paid in full.

 

NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND CONDITIONS, THE PARTIES HAVE AGREED AS FOLLOWS:

 

1.

The above recitals are true and correct and are hereby incorporated herein by reference.

 

2.

The collateral of this Agreement is forty-nine (49) shares of the issued and outstanding capital stock of the Company (the “Collateral”) issued in the name of the Pledgor.

 

3.

Pledgor hereby grants to Pledgee a security interest in the Collateral to secure Pledgor’s performance of the payment of the Sale Price to Pledgee.

 

4.

Pledgor shall be in default under this Agreement if Pledgor fails to pay the Sales Price to Pledgee in a manner as more particularly set forth in that certain Settlement Agreement.

 

5.

In the event that any Party to this Agreement believes that a default under the terms of this Agreement has occurred, the non-defaulting Party shall provide written notice of such default (the “Default Notice”) to the defaulting Party. The Default Notice shall specify the nature of the default, the actions required to cure the default, and shall be sent via certified mail, return receipt requested, or by a recognized overnight courier service to the addresses provided by the Parties in this Agreement

 

Upon receipt of the Default Notice, the defaulting Party shall have a period of fifteen (15) days (the “Cure Period”) to cure the specified default. If the default is curable and the defaulting Party cures the default within the Cure Period, no further action shall be taken.

 

If the defaulting Party fails to cure the default within the Cure Period, the non-defaulting Party shall have the right to pursue any and all remedies available under this Agreement, at law, or in equity, including, but not limited to, seeking an immediate default final judgment for the full extent of the Settlement Sum, minus any payments already made and received.

 

 

 

 

6.

All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered personally, sent by registered or certified mail, return receipt requested, postage prepaid, or sent by a recognized overnight courier service to the Parties at the addresses set forth in this Agreement or to such other address as any Party may have furnished to the others in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (a) if delivered personally, on the date of such delivery, (b) if sent by registered or certified mail, on the date receipt is acknowledged, and (c) if sent by recognized overnight courier service, one business day after the date of dispatch.

 

Notice to Pledgor :

 

Mr. Koey Alberts

1420 Celebration Blvd. Suite 200

Celebration, FL 34747

Email: [e-mail]

 

With Copy To:

 

Michele Diglio-Benkiran, Esquire

Legal Counsel, P.A.

13330 W. Colonial Dr.#110

Winter Garden, FL 34787

Email: [e-mail]

 

Notice to Pledegee:

 

Norkis Fernandez; [*]

 

[*]

 

With Copy to: Michael A. Sasso; [e-mail];

 

7.

This Agreement shall automatically terminate upon Pledgee’s receipt of the Sale Price, at which time the Pledgee’s security interest in and to the Collateral shall terminate and become null and void.

 

8.

This Agreement will be governed by the laws of Florida. Venue to enforce this Agreement and any and all claims related thereto shall be in Orange Coun1y, Florida.

 

9.

The prevailing party in any litigation arising out of or related to this Agreement shall recover their attorney’s fees and costs incurred at trial and on appeal.

 

10.

This Agreement shall not be modified or amended in any way except by writing executed by all Parties.

 

11.

This Agreement shall be binding upon and shall incur to the benefit of the parties and their heirs, successors and assigns.

 

12.

Should any portion of this Agreement be deemed ineffective or invalid by the decision of any Court or passage of any legislation, it is the intention of the parties that the Agreement shall be construed as if the invalid provision, had not been contained herein, and the Agreement shall be otherwise valid.

 

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13.

To the extent that there is any conflict between the terms of this Agreement and the Mediated Settlement Agreement, the terms of the Mediated Settlement Agreement shall prevail.

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the 21^st day of October, 2024.

 

PLEDGOR:			PLEDGEE:
By:	Joseph La Rosa		Olga Norkis Fernandez Valdez
Its:	CEO		a/k/a Norkis Fernandez

 

 

 

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Exhibit 99.1

 

 

La Rosa Holdings Reports Preliminary 9-Month Revenue for 2024 of Approximately $45 Million, Reflecting 120% Year-Over-Year Growth

 

Celebration, FL – October 23, 2024 – La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced preliminary unaudited revenue for the first nine months of 2024, totaling an estimated $45 million. This represents an approximately 120% increase in revenue year-over-year, as compared to the same period in 2023.

 

Joe La Rosa, CEO of La Rosa, commented, “Our growth rate accelerated during the first nine months of 2024, driven by exceptional year-over-year performance, as compared to the same period in 2023, resulting from the acquisition of real estate brokerage franchisees and an increase in agent count. We recently announced a Letter of Intent (LOI) to acquire a real estate brokerage firm that generated over $19 million in revenue for 2023 and has more than 950 agents across multiple states. The firm also offers a proprietary cloud-based Software-as-a-Service (SaaS) platform designed specifically for real estate agents. This potential acquisition aligns with our vision of advancing technology-driven real estate solutions, expanding our market presence, and delivering greater value to agents through innovative, integrated platforms.”

 

“With our strategic focus on acquisitions and the rapid growth of our agent base, we are projecting an annualized revenue run rate of $100 million by the end of 2024. This forecast reflects our commitment to scaling operations and increasing market share. We anticipate to achieve profitability in 2025, driven by expanding revenue streams, integration of new agents and technology, and a potential reduction in costs due the implementation of our expense management system in the near future,” concluded Mr. La Rosa.

 

The preliminary revenue figures described in this press release are unaudited and subject to customary adjustments. The Company expects to release its full financial results for the third quarter of 2024 in the coming weeks. The closings of the acquisitions mentioned in this press release are subject to, and contingent upon, the execution of a definitive agreement and other related transaction documents by the parties, corporate approval and customary closing conditions. There can be no assurances that these transactions will be consummated.

 

About La Rosa Holdings Corp.

 

La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.

 

La Rosa’s business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 24 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, Georgia, and Puerto Rico. The Company also has 9 La Rosa Realty franchised real estate brokerage offices and branches and 3 affiliated real estate brokerage offices, all within the United States and Puerto Rico. 

 

For more information, please visit: https://www.larosaholdings.com.

 

Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.

 

 

 

 

Forward-Looking Statements

 

This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers’ economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors’ landmark settlement on our business operations, and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (the “SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.

 

For more information, contact: [e-mail]

 

Investor Relations Contact:

Crescendo Communications, LLC

David Waldman/Natalya Rudman

Tel: [phone]

Email: [e-mail]

 

 

 

 

 

Cover	Oct. 18, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 18, 2024
Entity File Number	001-41588
Entity Registrant Name	La Rosa Holdings Corp.
Entity Central Index Key	0001879403
Entity Tax Identification Number	87-1641189
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1420 Celebration Blvd.
Entity Address, Address Line Two	2nd Floor
Entity Address, City or Town	Celebration
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34747
City Area Code	321
Local Phone Number	250-1799
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	LRHC
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

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