InvestmentMay 27, 2026, 08:36 AM
La Rosa Holdings Secures $250K in Series D Preferred Stock Sale
AI Summary
La Rosa Holdings Corp. entered into a Securities Purchase Agreement with an institutional investor to issue up to 500 shares of Series D Convertible Preferred Stock at $1,000 per share. An initial closing on May 27, 2026, involved 250 shares for $250,000, with an option for the investor to purchase an additional 250 shares upon the filing of the Company's 2025 Annual Report on Form 10-K. The Series D Preferred Stock carries no dividends, limited voting rights, and is convertible into common stock at a variable conversion price, subject to a 9.99% beneficial ownership cap.
Key Highlights
- La Rosa Holdings entered a Securities Purchase Agreement to issue up to 500 Series D Preferred Stock shares.
- Initial closing on May 27, 2026, for 250 shares, raising $250,000 from an institutional investor.
- Investor has option to purchase additional 250 shares ($250,000) after the 2025 Form 10-K filing.
- Series D Preferred Stock issued at $1,000 per share, bears no dividends, and has limited voting rights.
- Convertible into common stock at $1.58 or an Alternate Conversion Price (90% of lowest VWAP).
- Conversion amount multiplied by 105% (Change of Control) or 125% (otherwise) if Alternate Conversion Price used.
- Conversion limited to 9.99% beneficial ownership for the holder and affiliates.
Price Impact
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