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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 26, 2024

 

La Rosa Holdings Corp.
(Exact name of registrant as specified in its charter)

 

Nevada   001-41588   87-1641189
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

1420 Celebration Blvd., 2nd Floor
Celebration, Florida
  34747
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (321) 250-1799

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value   LRHC   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 


 

Item 1.01 Entry into a Material Definitive Agreement.

 

Amendment to Stock Purchase Agreement, dated March 15, 2024, regarding La Rosa Realty California

 

On April 26, 2024, La Rosa Holdings Corp., a Nevada corporation (the “Company”), and Yeimalis Acevedo-Rasmussen (“Selling Stockholder”) entered into an amendment agreement (the “Amendment”) to correct an inadvertent error in the original stock purchase agreement, dated March 15, 2024 (the “Purchase Agreement”), by and among the Company, Selling Stockholder of La Rosa Realty California, a California corporation (“Realty California”). The Amendment rectified that mistake by stipulating the actual intent of the parties: the sale of ten (10) shares, representing one percent (1%) of the issued and outstanding shares of Realty California, by the Selling Stockholder to the Company. This acquisition was part of the Company's strategic initiatives to expand its operational footprint and increase its stake in Realty California. The acquisition of the ten (10) shares by the Company results in the Company owning an aggregate of 510 shares of common stock of Realty California, representing 51% of Realty California’s issued and outstanding shares of common stock. The purchase price for the ten (10) shares remains as initially agreed to in the Purchase Agreement, $2,413.99, which was settled by the issuance of 1,387 unregistered shares of the Company’s common stock to the Selling Stockholder based on $1.74 per share, the closing price of the Company’s common stock reported by The Nasdaq Stock Market, LLC for the previous trading day.

 

Except for the Amendment, all other terms of the Purchase Agreement and exhibits thereto remain unchanged and in full force and effect.

 

In compliance with regulatory requirements, the Company timely filed a Form 8-K with the Securities and Exchange Commission (SEC) on March 21, 2024, disclosing and filing the Purchase Agreement and the transactions contemplated thereby.

 

A copy of the Amendment is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Amendment, dated April 26, 2024, to the Stock Purchase Agreement, dated March 15, 2024, between La Rosa Holdings Corp. and Selling Stockholder of La Rosa Realty California
104   Cover Page Interactive Data File (embedded with the Inline XBRL document).

 

1


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: April 26, 2024 LA ROSA HOLDINGS CORP.
     
  By: /s/ Joseph La Rosa
  Name:  Joseph La Rosa
  Title: Chief Executive Officer

 

 

2

 

EX-10.1 2 ea020476401ex10-1_larosa.htm AMENDMENT, DATED APRIL 26, 2024, TO THE STOCK PURCHASE AGREEMENT, DATED MARCH 15, 2024, BETWEEN LA ROSA HOLDINGS CORP. AND SELLING STOCKHOLDER OF LA ROSA REALTY CALIFORNIA

Exhibit 10.1

 

AMENDMENT TO STOCK PURCHASE AGREEMENT

 

This Amendment to the Stock Purchase Agreement (this “Amendment”), dated as of April 25, 2024, is made by and between Yeimalis Acevedo-Rasmussen, an individual (“Seller”), and La Rosa Holdings Corp., a Nevada corporation (“Buyer”).

 

WHEREAS, the parties entered into that certain Stock Purchase Agreement dated as of March 15, 2024 (the “Agreement”), pursuant to which Seller agreed to sell to Buyer, and Buyer agreed to purchase from Seller, one (1) issued and outstanding share of common stock, no par value per share, of La Rosa Realty California, a California corporation (the “Company”);

 

WHEREAS, it was the original intent of the parties that Buyer would acquire one percent (1%) of the issued and outstanding shares of common stock of the Company, equating to ten (10) shares of common stock, rather than the one (1) share as stated in the Agreement;

 

WHEREAS, the parties desire to correct this mistake and amend the Agreement accordingly;

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1. Amendment to Section 1.01 of the Agreement. Section 1.01 of the Agreement is hereby amended and restated in its entirety as follows:

 

“Subject to the terms and conditions set forth herein, at the Closing (as defined in Section 2.01), Seller shall sell to Buyer, and Buyer shall purchase from Seller, ten (10) shares of the Company, free and clear of any mortgage, pledge, lien, charge, security interest, claim, community property interest, option, equitable interest, restriction of any kind (including any restriction on use, voting, transfer, receipt of income, or exercise of any other ownership attribute), or other encumbrance (each, an “Encumbrance”), representing one percent (1%) of the issued and outstanding shares of common stock of the Company, for the consideration specified in Section 1.02.”

 

2. Purchase Price. The Purchase Price for the ten (10) shares of common stock of the Company shall remain unchanged from the original agreement, thereby maintaining the originally agreed aggregate purchase price for the said shares. Therefore, Section 1.02 of the Agreement is hereby affirmed to state that the aggregate purchase price for the ten (10) shares shall be as originally stipulated in Schedule A attached to the Agreement, payable in shares of unregistered shares of common stock, par value $0.0001 per share, of Buyer as set forth in Schedule A, based on the valuation agreed upon by the parties as of the closing date specified in the Agreement.

 

3. Full Force and Effect. Except as expressly amended hereby, the Agreement and exhibits thereto shall remain in full force and effect.

 

4. Reference to Agreement. For the avoidance of doubt, any reference to the “Agreement” in either the original Stock Purchase Agreement dated as of March 15, 2024, or any related document or communication shall be deemed to include this Amendment as of its execution date.

 

5. Governing Law. This Amendment and any claim, controversy, dispute or cause of action (whether in contract, tort or otherwise) based upon, arising out of or relating to this Amendment and the transactions contemplated hereby shall be governed by the laws of the State of California, without regard to its conflict of law principles.

 

6. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement.

 

 


 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the date first above written.

 

  SELLER:
     
  By: /s/ Yeimalis Acevedo-Rasmussen
  Name:  Yeimalis Acevedo-Rasmussen
     
  BUYER:
   
  LA ROSA HOLDINGS CORP.
   
  By: /s/ Joseph La Rosa
  Name: Joseph La Rosa  
  Title: Chief Executive Officer