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 convertible notes of up to $250,000,000 with certain institutional investors at ten percent (10%) per annum maturing twenty-four (24) months from the date of issuance.
- Instrument
- convertible notes
- Principal
- up to $250,000,000
- Counterparty
- certain institutional investors
- Rate
- ten percent (10%) per annum
- Maturity
- twenty-four (24) months from the date of issuance
- Event
- incurrence
Exact text from the filing
and the Investors agreed to purchase, in multiple closings, a new series of senior secured convertible notes of the Company in an aggregate original principal amount of up to $250,000,000 (the “ Notes ”), subject to the satisfaction or waiver of certain closing conditions, including, inter alia , entering into the Redemption Agreement, and Amended
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
La Rosa Holdings Corp. issued up to $250,000,000 aggregate original principal amount of convertible note to certain institutional investors for $900 for each $1,000 of principal amount.
- Security
- convertible note
- Shares
- up to $250,000,000 aggregate original principal amount
- Purchaser
- certain institutional investors
- Consideration
- $900 for each $1,000 of principal amount
Exact text from the filing
Closing shall not exceed $5,000,000 individually, and not more than $239,000,000 in the aggregate for all Additional Closings. The purchase price for each Note will be $900 for each $1,000 of principal amount of Note. The Notes will be convertible into shares (the “ Conversion Shares ”) of the Company’s common stock, par value $0.0001 per share (the
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