La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa Holdings sells $761K future receivables for $500K net; acquires 51% of Realty Success

La Rosa Holdings Corp.

Sold $761,250 of future receivables to Cedar Advance LLC for net proceeds of $500,000; weekly ACH debit of $23,000.
Acquired 51% membership interest in franchisee La Rosa Realty Success LLC for 56,375 shares (valued at $1.22/share) and $10,000 cash.
Cash advance agreement grants Cedar security interest in all accounts and receivables; default triggers immediate full payment.
Selling member of Realty Success subject to lock-up: max 1/12 of shares per month for 12 months after 6-month Rule 144 holding period.

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 the sole member of La Rosa Realty Success LLC for $78,777.85 (closed 2024-05-24).

Action: acquisition
Counterparty: the sole member of La Rosa Realty Success LLC
Consideration: $78,777.85
Closing: 2024-05-24

Exact text from the filing

by and among the Company, Realty Success, and the sole member (the “Selling Member”) of Realty Success (the “Transaction”). The purchase price for the Membership Interests was $78,777.85, consisting of 56,375 unregistered shares of the Company’s common stock (the “Purchase Shares”) and $10,000 in cash (the “Cash Payment”), of which $5,000 was paid at closing and

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La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-046665

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