La Rosa Holdings raises $5.5M in senior secured convertible note; CEO gets equity awards for future raises

La Rosa Holdings Corp.

Issued $5.5M senior secured convertible note at 12% interest, matures in 2 years, to one institutional investor.
Net proceeds of ~$4.96M to repay debt, fees, fund acquisitions and general corporate purposes.
Also issued 16 warrants to purchase up to $40M in additional notes, exercisable for 7.5 years; conversion at 115% of prior closing VWAP.
CEO Joseph La Rosa amended employment agreement: for every $1M raised, he receives equity award of 2% of outstanding shares.
Company must seek stockholder approval within 60 days for share issuances above 19.99% of outstanding stock.

item 1.01 item 2.03 item 3.02 item 5.02 item 9.01

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.