other material
confidence high
sentiment neutral
materiality 0.50
La Rosa Holdings raises $250k via Series E Convertible Preferred Stock
La Rosa Holdings Corp.
- Issued 250 shares of Series E Preferred Stock at $1,000/share to an institutional investor, gross proceeds $250,000.
- Conversion price initially $1.58/share; alternate conversion at 90% of lowest VWAP over 10 trading days (subject to floor).
- No dividends; voting rights limited to protective provisions (e.g., amendments, share issuances, dividends on junior stock).
- Company may redeem all outstanding shares at a price based on the greatest closing sale price during a specified period.
- Shares issued under Rule 506(b) exemption from registration; Certificate of Designation filed July 9, 2026.