La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa Holdings acquires Nona Title Agency for $659K; expands into title insurance

La Rosa Holdings Corp.

Total purchase price $658,791: $174,580 cash plus $484,211 in 461,154 unregistered shares at $1.05 per share.
CEO Joseph La Rosa owned 49% of Nona Title; special committee of independent directors approved the deal.
Cash portion of $161,404 owed to CEO deferred for up to 3 months; lock-up agreements restrict share sales by other sellers.
Acquisition adds full-service escrow settlement and title insurance to La Rosa's real estate segments.
Company plans to establish strategic joint ventures in other states where La Rosa operates.

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 Nona Title Agency LLC for $658,791.02 (closed 2024-08-21).

Action: acquisition
Counterparty: Nona Title Agency LLC
Consideration: $658,791.02
Closing: 2024-08-21

Exact text from the filing

on August 20, 2024. The Board of Directors of the Company approved the terms of the Purchase Agreement on August 21, 2024. The purchase price for the Membership Interests was $658,791.02 consisting of (i) a cash payment of $174,579.62 (the “Cash Payment”) allocated among the three Seller Members, and (ii) $484,211.40 in unregistered shares of common stock of the

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La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-072724

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