La Rosa Holdings Corp. Announces 80-for-1 Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement and Reduce the Public Float
July 02 2025 - 8:30AM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”),
a real estate and PropTech company, today announced that it will
effect a 80-for-1 reverse split (“reverse split”) of its shares of
common stock that will become effective on July 7, 2025 at 12:01
a.m. (Eastern Time).
La Rosa’s common stock will continue to trade on
Nasdaq under the symbol “LRHC” and will begin trading on a
split-adjusted basis when the market opens on July 7, 2025. The new
CUSIP number for the common stock following the reverse split will
be 50172T202. At the effective time of the reverse split, every 80
shares of the Company's issued and outstanding common stock will be
automatically reclassified and combined into 1 share of common
stock. This will reduce the number of outstanding shares of
common stock from approximately 58.3 million shares to
approximately 729,000 shares, without giving effect to rounding. No
fractional shares will be issued; instead, any fractional
entitlements will be rounded up to the next highest whole number at
the participant level.
Joe La Rosa, CEO of La Rosa, commented, “We
believe this reverse split will not only help us regain compliance
with Nasdaq’s minimum bid price requirement, but also reduce our
public float—potentially attracting a broader range of
institutional and long-term investors. We remain confident in the
business outlook and continue to execute on our agent-driven
revenue strategy. At the same time, we are placing increased focus
on achieving profitability and generating positive cash flow. Our
goal is to shift from a growth-only mindset to sustainable
financial performance. With the recurring nature of our revenue and
the operational efficiencies gained through recent system
integrations, we believe La Rosa is well-positioned to reach
positive cash flow and profitability by the end of 2025.”
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is
transforming the real estate industry by providing agents with
flexible compensation options, including a revenue-sharing model or
a fee-based structure with 100% commission. Powered by its
proprietary technology platform, La Rosa aims to equip agents and
franchisees with the tools they need to deliver exceptional
service.
The Company offers both residential and
commercial real estate brokerage services, as well as
technology-driven products and support for its agents and franchise
partners. Its business model includes internal services for agents
and external offerings for the public, spanning real estate
brokerage, franchising, education and coaching, and property
management.
La Rosa operates 26 corporate-owned brokerage
offices across Florida, California, Texas, Georgia, North Carolina,
and Puerto Rico. La Rosa also recently started its expansion into
Europe, beginning with engagement of the area developer in Spain.
Additionally, the Company has six franchised offices and branches
and three affiliated brokerage locations in the U.S. and Puerto
Rico. The Company also operates a full-service escrow settlement
and title company in Florida.
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, our ability
to successfully integrate acquisitions into our business
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, the successful integration of the Company’s past and
future acquired brokerages, the effect of the recent National
Association of Realtors' landmark settlement on our business
operations, 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 heading “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2024,
and other reports and 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 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 has not
been incorporated by reference into this press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212)
671-1020Email: LRHC@crescendo-ir.com
La Rosa (NASDAQ:LRHC)
Historical Stock Chart
From Jun 2025 to Jul 2025
La Rosa (NASDAQ:LRHC)
Historical Stock Chart
From Jul 2024 to Jul 2025