La Rosa Holdings Corp. (LRHC): debt financing — 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

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

La Rosa Holdings Corp. incurred senior notes of $5,500,000 with an institutional investor at 12% per annum maturing two-year anniversary of the Closing Date.

Instrument: senior notes
Principal: $5,500,000
Counterparty: an institutional investor
Rate: 12% per annum
Maturity: two-year anniversary of the Closing Date
Event: incurrence

Exact text from the filing

the Company issued to the Investor: (i) a Senior Secured Convertible Note in the original principal amount of $5,500,000 which matures on the two-year anniversary of the Closing Date

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26 debt financings filed in the last 30 days. Browse all debt financings →

La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-010286

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