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La Rosa Holdings Corp. (LRHC) has provided an update.
La Rosa Holdings Corp. completed its acquisition of Nona Title Agency LLC, with the deal involving both cash and stock – $658,791.02 paid partly in cash and partly through issuing unregistered shares based on the preceding day’s Nasdaq closing price. The transaction was approved by a Special Committee and the Board of Directors, with some payment terms extended to three months post-closing for the CEO who sold a significant portion of his interest. Furthermore, selling members, except the CEO, agreed to a lock-up period restricting the sale of their new shares for a year. The company also issued a press release to announce the acquisition’s completion.
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