La Rosa Holdings Corp. (LRHC): debt financing — La Rosa Holdings issues $1.32M 13% OID senior secured note with warrants and commitment shares

La Rosa Holdings Corp.

Issued $1,316,000 face value 13% OID senior secured promissory note to institutional investor; net proceeds ~$1.12M.
Note matures April 1, 2025; convertible at $2.50/share; monthly amortization payments begin August 1, 2024.
Issued 50,000 commitment shares, first warrant for 150,000 shares at $3.00, second warrant for 152,300 shares at $2.25 (cancels if note fully extinguished by maturity).
Proceeds used for business development and working capital; company granted security interest and registration rights.
Transaction closed April 1, 2024; restrictive covenants include prohibition on variable rate transactions until note repaid.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

La Rosa Holdings Corp. incurred senior notes of $1,316,000 with institutional accredited investor at 13% per annum maturing April 1, 2025.

Instrument: senior notes
Principal: $1,316,000
Counterparty: institutional accredited investor
Rate: 13% per annum
Maturity: April 1, 2025
Event: incurrence

Exact text from the filing

the Company issued the Investor a 13% OID senior secured promissory note with the face amount of $1,316,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

La Rosa Holdings Corp. entered into Securities Purchase Agreement with institutional accredited investor valued at 13% OID senior secured promissory note with face amount of $1,316,000, purchase price $1,250,200 (effective 2024-04-01).

Action: entry
Agreement: credit facility
Counterparty: institutional accredited investor
Value: 13% OID senior secured promissory note with face amount of $1,316,000, purchase price $1,250,200
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, La Rosa Holdings Corp., a Nevada corporation (the “ Company ”), entered into that certain securities purchase agreement (the “ Securities Purchase Agreement ”) with an institutional accredited investor (the “ Investor ”) pursuant to which the Company issued the Investor a 13% OID senior secured promissory note with the face amount of $1,316,000 (the “ Note ”)

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-030817

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.