La Rosa Holdings Corp. (NasdaqCM:LRHC) entered into Letter of Intent to acquired 100% membership interest in La Rosa Realty North Florida LLC from Thomas R. Stewart and Galeann Montague on October 30, 2023. As of December 28, 2023, La Rosa Holdings Corp. (NasdaqCM:LRHC) entered into definitive agreement to acquired 100% membership interest in La Rosa Realty North Florida LLC from Thomas R. Stewart and Galeann Montague for $1.13 million. The deal is subject to regulatory atuthorities. The purchase price for the Membership Interests was $1,131,053.50 consisting of (i) a cash payment of $300,000, and (ii) $831,053.50 in unregistered shares of common stock of the Buyer, which was settled by the issuance of 459,782 unregistered shares of the Company?s common stock to the Selling Member and 62,893 unregistered shares of the Company?s common stock to the Selling Member?s designee based on $1.59 per share, the closing price of the Company?s common stock reported by Nasdaq for the previous trading day. The shares issued as consideration for the acquisition of the Membership Interests are referred to as the ?Purchase Shares.? The Cash Payment will be settled over the period of approximately eight (8) months in accordance with the schedule agreed in the Purchase Agreement. The Cash Payment shall be payable in accordance with the following schedule: $25,000.00 within 5 - 10 business days after the Closing; $10,000 on or by February 1, 2024; $10,000 on or by March 1, 2024; $10,000 on or by April 1, 2024; $10,000 on or by May 1, 2024; $10,000 on or by June 1, 2024; $10,000 on or by July 1, 2024; and $215,000 on or by August 1, 2024. The Purchase Shares will be issued on the date of the Closing. $731,053.50 of the Purchase Shares shall be issued to the Seller on the Closing date and $100,000 of shares shall be issued to Ms. Galeann Montague on the Closing date. Ross D. Carmel of Sichenzia Ross Ference Carmel LLP acted as legal advisor to La Rosa. Bart Stroke of Strock & Cohen, Zipper Law Group P.A. acted as legal advisor to the seller.

La Rosa Holdings Corp. (NasdaqCM:LRHC) completed the acquisition of 100% membership interest in La Rosa Realty North Florida LLC from Thomas R. Stewart and Galeann Montague for $1.13 million on December 28, 2023.