InvestmentJul 10, 2026, 06:08 AM
La Rosa Holdings Issues $250K Series E Preferred Stock to Investor
AI Summary
La Rosa Holdings Corp. entered into a Securities Purchase Agreement with an institutional investor to issue 250 shares of Series E Convertible Preferred Stock for a total of $250,000. The Series E Preferred Stock carries no dividends but offers conversion rights into common stock at a fixed or alternate conversion price, subject to anti-dilution adjustments. It also features limited voting rights and a 9.99% beneficial ownership cap upon conversion.
Key Highlights
- La Rosa Holdings Corp. will issue 250 shares of Series E Convertible Preferred Stock.
- The purchase price is $1,000 per share, totaling $250,000 from an institutional investor.
- Series E Preferred Stock bears no dividends and has limited voting rights.
- Holders can convert Series E Preferred Stock into common stock at $1.58 per share or an alternate conversion price.
- Conversion is subject to a 9.99% beneficial ownership cap for the holder.
- The Series E Preferred Stock includes anti-dilution provisions.
Price Impact
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