SoFi CEO enters prepaid forward contract on 1.5 million shares
CELEBRATION, FL - La Rosa Holdings Corp. (NASDAQ:LRHC) announced Thursday it has extinguished a majority portion of its outstanding warrants through two exchange agreements and regained compliance with Nasdaq’s minimum bid price requirement. The company, which has seen its stock price decline over 90% in the past year according to InvestingPro data, is currently trading at $8.30 per share.
The real estate and PropTech company executed warrant exchange agreements with two holders, including CEO and Chairman Joseph La Rosa. On July 14, 2025, the company exchanged warrants to purchase 1,851,852 shares at $0.135 per share for 75,000 shares of common stock with one holder. In a similar transaction on July 17, Joseph La Rosa surrendered his warrants for an identical number of shares in exchange for 75,000 shares of common stock. InvestingPro analysis reveals the company faces significant financial challenges, with a weak financial health score and rapid cash burn rate. Subscribers can access 14 additional key ProTips about LRHC’s financial position.
On July 21, 2025, Nasdaq confirmed that La Rosa Holdings had regained compliance with the minimum bid price requirement by maintaining a closing bid price of at least $1.00 for 10 consecutive trading days.
"As the founder and a significant stockholder who has personally invested in this Company, I am deeply committed to aligning with the long-term interests of our investors," said Joe La Rosa, CEO of La Rosa Holdings, in the press release statement.
La Rosa Holdings operates 26 corporate-owned brokerage offices across six U.S. states and Puerto Rico, with additional franchised and affiliated locations. The company offers real estate brokerage services with flexible compensation options for agents, including revenue-sharing and fee-based structures. Despite generating revenue of $73.87 million in the last twelve months, the company maintains a slim gross profit margin of 8.57% and carries a significant debt burden of $18.29 million, according to InvestingPro data.
The information in this article is based on a company press release.
In other recent news, La Rosa Holdings Corp. reported a significant milestone, surpassing 3,000 agents in its network and achieving a 19.4% increase in revenue. The company’s preliminary unaudited revenue for the first half of 2025 reached approximately $38.4 million, compared to the same period in 2024. In a strategic move, La Rosa Holdings announced an 80-for-1 reverse stock split, set to take effect on July 7, 2025, which will significantly reduce the number of outstanding shares. Additionally, La Rosa has launched a proprietary AI-powered communication bot aimed at enhancing agent recruiting and support operations. This AI system will streamline the process by qualifying prospects and providing real-time assistance. The company also secured the rights to market the IBIS Romana Bayahibe luxury development in the Dominican Republic, expanding its reach in the Caribbean market. Furthermore, La Rosa introduced version 4.0 of its My Agent Account platform, featuring a new Transaction Management module designed to improve efficiency and reduce costs for its agents.
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