La Rosa to Ring NASDAQ Closing Bell Today
March 25 2024 - 9:00AM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for five agent-centric,
technology-integrated, cloud-based, multi-service real estate
segments, today announced it will celebrate its recent initial
public offering (IPO) and listing on the Nasdaq Stock Market by
ringing the Nasdaq Closing Bell in Times Square, New York City. La
Rosa commenced trading on the Nasdaq under the ticker symbol “LRHC”
on October 10, 2023.
The ceremony will begin at approximately 3:45
p.m. ET today and can be viewed live at
https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Joe La Rosa, CEO of the Company, commented, “We
are honored to ring the closing bell this afternoon in celebration
of our IPO and listing on Nasdaq. Today marks not just a milestone,
but a testament to the dedication and vision of our entire team. At
La Rosa, we've always challenged the status quo, pushing boundaries
in the real estate industry. Our journey is one of innovation and
commitment to our agents' success. We believe our unique brokerage
model sets us apart from other players in the real estate industry.
By offering real estate agents the option of a revenue share model
or an annual fee-based model with 100% agent commissions, we intend
to empower agents and elevate their success. Additionally, we
continue to successfully implement our roll-up strategy of
acquiring profitable franchisees, consolidating our position in the
market and creating value for both shareholders and clients. Our
goal is to reach an annualized revenue run rate of $100 million
before the end of 2024. Our mission is clear: empower our agents,
revolutionize our industry, and shape its future. I'm more
optimistic than ever about our business, and I'm excited for the
opportunities ahead. Guided by our core values of family, passion
and growth, I'm confident we'll create lasting value for our agents
and shareholders alike.”
About La Rosa Holdings Corp.
La Rosa is a holding company for five
agent-centric, technology-integrated, cloud-based, multi-service
real estate segments. In addition to providing person-to-person
residential and commercial real estate brokerage services to the
public, the Company cross-sells ancillary technology-based products
and services primarily to its sales agents and the sales agents
associated with their franchisees. La Rosa's business is organized
based on the services they provide internally to their agents and
to the public, which are residential and commercial real estate
brokerage, franchising, real estate brokerage education and
coaching, and property management.
For more information, please
visit: https://www.larosaholdings.com
Stay connected with La Rosa, sign up for news alerts
here: larosaholdings.com/email-alerts
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company's ability to achieve profitable operations, customer
acceptance of new services, the demand for the Company’s services
and the Company’s customers' economic condition, the impact of
competitive services and pricing, general economic conditions and
other risk factors detailed in the Company's filings with the
United States Securities and Exchange Commission (the "SEC”). You
are urged to carefully review and consider any cautionary
statements and other disclosures, including the statements made
under the headings “Risk Factors” and elsewhere in documents that
we file from time to time with the SEC. Forward-looking statements
contained in this press release are made only as of the date
of the this press release, and La Rosa does not undertake any
responsibility to update any forward-looking statements in this
release, except as may be required by applicable law. References
and links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020
Email: LRHC@crescendo-ir.com
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