secwatch.observer — SEC 8-K summary
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Issuer:     La Rosa Holdings Corp. (LRHC)
CIK:        0001879403
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001213900-24-022161
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La Rosa Holdings acquires 51% of Georgia franchisee for $516K in stock; franchisee had $3.4M revenue in 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879403/000121390024022161/0001213900-24-022161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879403/000121390024022161/ea0201591-8k_larosahold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022161

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