secwatch.observer — SEC 8-K summary
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Issuer:     La Rosa Holdings Corp. (LRHC)
CIK:        0001879403
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001213900-24-030817
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

La Rosa Holdings issues $1.32M 13% OID senior secured note with warrants and commitment shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879403/000121390024030817/0001213900-24-030817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879403/000121390024030817/ea0203215-8k_larosahold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-030817

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