La Rosa Holdings Corp. (LRHC): M&A transaction — La Rosa acquires 2 franchisees (Lake Nona, Kissimmee) for cash+stock; combined 2022 revenue ~$20.6M

La Rosa Holdings Corp.

On Oct 13 & 16, 2023, closed purchases of 51% of Lake Nona and majority of Kissimmee Realty for $50K + 325K shares and $500K + 514K shares, respectively.
Lake Nona: audited 2022 revenue $9.89M, net income $224K. Kissimmee: audited 2022 revenue $10.8M, positive net income.
Combined acquisitions expected to double top-line revenue; CEO cites roll-up strategy with more deals in pipeline.
Sellers subject to 12-month lock-up with monthly leak-out after 6-month Rule 144 holding period.
Company issued 838,624 unregistered shares under Section 4(a)(2) exemption; no public offering.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

La Rosa Holdings Corp. completed an acquisition involving Horeb Kissimmee Realty, LLC for $500,000 in cash and issued the Selling Member an aggregate of 513,626 unregistered shares of the Company’s common stock (closed 2023-10-16).

Action: acquisition
Counterparty: Horeb Kissimmee Realty, LLC
Consideration: $500,000 in cash and issued the Selling Member an aggregate of 513,626 unregistered shares of the Company’s common stock
Closing: 2023-10-16

Exact text from the filing

interest in Kissimmee (the “Selling Member”). As the consideration for the Company acquisition of the Majority Interests of Kissimmee Realty, the Company paid the Selling Member $500,000 in cash and issued the Selling Member an aggregate of 513,626 unregistered shares of the Company’s common stock (the “Kissimmee Purchase Shares”). On October 16, 2023, the Selling

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

La Rosa Holdings Corp. completed an acquisition involving La Rosa Realty Lake Nona, Inc. for $50,000 in cash and issued the Selling Stockholder an aggregate of 324,998 unregistered shares of the Company’s common stock (closed 2023-10-13).

Action: acquisition
Counterparty: La Rosa Realty Lake Nona, Inc.
Consideration: $50,000 in cash and issued the Selling Stockholder an aggregate of 324,998 unregistered shares of the Company’s common stock
Closing: 2023-10-13

Exact text from the filing

the Company, Lake Nona and the sole stockholder of Lake Nona (the “Selling Stockholder”). As the consideration for the Majority Shares, the Company paid the Selling Stockholder $50,000 in cash and issued the Selling Stockholder an aggregate of 324,998 unregistered shares of the Company’s common stock (the “Lake Nona Purchase Shares”). The Selling Stockholder

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8 m&a transactions filed in the last 30 days. Browse all m&a transactions →

La Rosa Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001575872-23-001630

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