SplitApr 16, 2026, 08:31 AM
La Rosa Holdings Corp. Announces 1-for-10 Reverse Stock Split
AI Summary
La Rosa Holdings Corp. announced a 1-for-10 reverse stock split, effective April 20, 2026. This action will reduce the number of outstanding shares from approximately 5.8 million to 583 thousand and is intended to proactively ensure compliance with Nasdaq's minimum bid price requirement. The company's common stock will continue to trade under the symbol "LRHC" on a split-adjusted basis.
Key Highlights
- La Rosa Holdings Corp. will effect a 1-for-10 reverse stock split.
- The reverse split becomes effective on April 20, 2026, at 12:01 a.m. ET.
- Common stock will trade on a split-adjusted basis on April 20, 2026.
- Outstanding shares will reduce from ~5.8 million to ~583 thousand.
- The company is taking proactive action to maintain Nasdaq listing.