La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa Holdings acquires 51% of Georgia franchisee for $516K in stock; franchisee had $3.4M revenue in 2023

La Rosa Holdings Corp.

Acquired 51% of La Rosa Realty Georgia LLC for 276,178 unregistered shares valued at $516,450.38 based on $1.87/share closing price.
La Rosa Georgia generated $3.4M revenue in 2023 and reached break-even; provides residential and commercial brokerage services.
Sellers entered lock-up agreements: can sell max 1/12 of shares per month after 6-month holding period under Rule 144.
Company also issued 225,000 unregistered shares to a consultant for services under amended consulting agreement.
CEO reaffirms target of $100M annualized revenue run rate by end 2024 and expects profitability in early 2025.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

La Rosa Holdings Corp. completed an acquisition involving La Rosa Realty Georgia LLC and the two selling members for $516,450.38, which was settled by the issuance of an aggregate of 276,178 unregistered shares of the Company’s common stock to the Selling Members based on $1.8 (closed 2024-03-07).

Action: acquisition
Counterparty: La Rosa Realty Georgia LLC and the two selling members
Consideration: $516,450.38, which was settled by the issuance of an aggregate of 276,178 unregistered shares of the Company’s common stock to the Selling Members based on $1.8
Closing: 2024-03-07

Exact text from the filing

the Company, Realty Georgia and the two selling members (the “ Selling Members ”) of Realty Georgia (the “ Transaction ”). The purchase price for the Membership Interests was $516,450.38, which was settled by the issuance of an aggregate of 276,178 unregistered shares of the Company’s common stock to the Selling Members based on $1.87 per share, the closing price

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8 m&a transactions filed in the last 30 days. Browse all m&a transactions →

La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-022161

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