La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa acquires Puerto Rico franchisee BF Prime; reaffirms $100M revenue run-rate target

La Rosa Holdings Corp.

Acquired 100% of BF Prime LLC for $50,000, paid via 39,739 unregistered shares at $1.11/share, net of $5,890 debt offset.
Selling member subject to lock-up: max 1/12 of shares sold per month after 6-month Rule 144 holding period.
Amended North Florida purchase agreement: last tranche cut to $25,000; remaining $190,000 payable $10,000/month over 19 months.
Company targets $100M annualized revenue exit run-rate by end of 2024 with profitability expected in 2025.
Hosting 'Discover the La Rosa Difference' event in Bayamón, Puerto Rico on October 17, 2024 to recruit agents.

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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 BF Prime LLC for $50,000 (closed 2024-08-19).

Action: acquisition
Counterparty: BF Prime LLC
Consideration: $50,000
Closing: 2024-08-19

Exact text from the filing

“BF Prime Purchase Agreement”), by and among the Company, BF Prime and the selling member of BF Prime (the “Selling Member”). The purchase price for the Membership Interests was $50,000, which was settled by the issuance of an aggregate of 39,739 unregistered shares of the Company’s common stock to the Selling Member based on $1.11 per share, the closing price of

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Source: SEC EDGAR

accession 0001213900-24-071841

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