La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa acquires additional California franchisee stake, now holds 51% interest

La Rosa Holdings Corp.

Acquired 1% of La Rosa Realty California for $2,414 via 1,387 unregistered shares, increasing ownership to 51%.
Acquisition part of accretive roll-up strategy; ninth franchisee acquired since IPO.
Brings four-level revenue share model (Ultimate Plan) to California; home prices up 11.4% YoY, sales up 8.1% as of Feb 2024.
Reaffirms target of $100M annualized revenue run rate by end of 2024, profitability expected in 2025.
Lock-up agreement restricts selling stockholder to one-twelfth of shares per month after six-month holding period.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

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 selling stockholder of La Rosa Realty California for $2,413.99, which was settled by the issuance of 1,387 unregistered shares of the Company's common stock (closed 2024-03-15).

Action: acquisition
Counterparty: selling stockholder of La Rosa Realty California
Consideration: $2,413.99, which was settled by the issuance of 1,387 unregistered shares of the Company's common stock
Closing: 2024-03-15

Exact text from the filing

Realty California and the selling stockholder (the “ Selling Stockholder ”) of Realty California (the “ Transaction ”). The purchase price for the Membership Interests was $2,413.99, which was settled by the issuance of 1,387 unregistered shares of the Company’s common stock to the Selling Stockholder based on $1.74 per share, the closing price of the

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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 0001213900-24-024780

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