UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Explanatory Note
1
Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
The following unaudited pro forma condensed combined financial information of the Company attached hereto as Exhibit 99.1 and incorporated herein by reference into this Item 9.01(b).
| ● | Unaudited pro forma condensed balance sheet as of December 31, 2024; |
| ● | Unaudited pro forma condensed balance sheet as of September 30, 2025; |
| ● | Unaudited pro forma condensed statement of operations for the year ended December 31, 2024; and |
| ● | Unaudited pro forma condensed statement of operations for the nine months ended September 30, 2025. |
(d) Exhibits.
The following exhibits are filed herewith:
| Exhibit No. | Description | |
| 99.1 | Unaudited pro forma condensed combined financial information of the Company | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 27, 2026 | LA ROSA HOLDINGS CORP. | |
| By: | /s/ Joseph La Rosa | |
| Name: | Joseph La Rosa | |
| Title: | Chief Executive Officer | |
3
Exhibit 99.1
La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Balance Sheets
| September 30, 2025 | ||||
| (unaudited) | ||||
| Assets | ||||
| Current assets: | ||||
| Cash | $ | 3,406,354 | ||
| Restricted cash | 2,396,268 | |||
| Accounts receivable, net of allowance for credit losses of $150,336 and $166,504, respectively | 738,128 | |||
| Other current assets | 34,669 | |||
| Total current assets | 6,575,419 | |||
| Noncurrent assets: | ||||
| Restricted cash, net of current | 46,199 | |||
| Property and equipment, net | 4,557 | |||
| Right-of-use asset, net | 1,099,034 | |||
| Intangible assets, net | 3,982,239 | |||
| Goodwill | 5,795,161 | |||
| Other long-term assets | 40,250 | |||
| Total noncurrent assets | 10,967,440 | |||
| Total assets | $ | 17,542,859 | ||
| Liabilities and Stockholders’ Equity | ||||
| Current liabilities: | ||||
| Accounts payable | $ | 1,610,011 | ||
| Accrued expenses | 779,507 | |||
| Contract liabilities | 52,273 | |||
| Security deposits and escrow payable | 2,396,268 | |||
| Line of credit | — | |||
| Derivative liability | — | |||
| Advances on future receipts | — | |||
| Accrued acquisition cash consideration | 60,000 | |||
| Notes payable, current | 148,757 | |||
| Lease liability, current | 510,809 | |||
| Total current liabilities | 5,557,625 | |||
| Noncurrent liabilities: | ||||
| Note payable, net of current | 9,171,562 | |||
| Security deposits and escrow payable, net of current | 46,199 | |||
| Lease liability, noncurrent | 617,997 | |||
| Other liabilities | 2,950 | |||
| Total non-current liabilities | 9,838,708 | |||
| Total liabilities | 15,396,333 | |||
| Commitments and contingencies (Note 6) | ||||
| Stockholders’ equity: | ||||
| Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at September 30, 2025 and December 31, 2025, respectively | — | |||
| Preferred stock - $0.0001 par value; 6,000 shares authorized; 6,000 and 0 Series B shares issued and outstanding at September 30, 2025 and December 31, 2024 | 1 | |||
| Common stock - $0.0001 par value; 2,050,000,000 shares authorized; 1,224,683 and 273,122 issued and outstanding at June 30, 2025 and December 31, 2025, respectively | 122 | |||
| Additional paid-in capital | 47,025,453 | |||
| Accumulated deficit | (47,110,225 | ) | ||
| Total stockholders’ equity – La Rosa Holdings Corp. shareholders | (84,649 | ) | ||
| Noncontrolling interest in subsidiaries | 2,231,175 | |||
| Total stockholders’ equity | 2,146,526 | |||
| Total liabilities and stockholders’ equity | $ | 17,542,859 | ||
See notes to the consolidated financial statements.
La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Statements of Operations
(unaudited)
| Nine Months Ended September 30, | ||||
| 2025 | ||||
| Revenue | $ | 42,870,641 | ||
| Cost of revenue | 38,604,499 | |||
| Gross profit | 4,266,142 | |||
| Operating expenses: | ||||
| Sales and marketing | 1,281,799 | |||
| General and administrative | 10,372,779 | |||
| Stock-based compensation — general and administrative | 4,744,015 | |||
| Total operating expenses | 16,398,593 | |||
| Loss from operations | (12,132,451 | ) | ||
| Other income (expense): | ||||
| Interest expense, net | (356,634 | ) | ||
| Gain (loss) on extinguishment of debt | 3,961,075 | |||
| Amortization of debt discount | (63,160 | ) | ||
| Change in fair value of derivative liability | 899,874 | |||
| (Loss) gain on issuance of senior secured convertible note and warrants | (128,836,250 | ) | ||
| Change on fair value of convertible note and warrants | 31,168,496 | |||
| Gain on settlement of incremental warrants | 82,299,000 | |||
| Other income, net | 271,281 | |||
| Loss before provision for income taxes | (22,788,769 | ) | ||
| Benefit from income taxes | — | |||
| Net loss | (22,788,769 | ) | ||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | (13,643 | ) | ||
| Net loss after noncontrolling interest in subsidiaries | (22,775,126 | ) | ||
| Less: Deemed dividend | 275,264 | |||
| Net loss attributable to common stockholders | $ | (23,050,390 | ) | |
| Loss per share of common stock attributable to common stockholders | ||||
| Basic and diluted | $ | (3,256.35 | ) | |
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | ||||
| Basic and diluted | 7,079 | |||
See notes to the consolidated financial statements.
La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Balance Sheets
| December 31, 2024 | ||||
| (audited) | ||||
| Assets | ||||
| Current assets: | ||||
| Cash | $ | 1,279,845 | ||
| Restricted cash | 2,137,707 | |||
| Accounts receivable, net of allowance for credit losses of $166,504 and $83,456, respectively | 874,083 | |||
| Other current assets | 1,788 | |||
| Total current assets | 4,293,423 | |||
| Noncurrent assets: | ||||
| Property and equipment, net | 5,839 | |||
| Right-of-use asset, net | 990,926 | |||
| Intangible assets, net | 4,444,518 | |||
| Goodwill | 5,795,161 | |||
| Other long-term assets | 33,832 | |||
| Total noncurrent assets | 11,270,276 | |||
| Total assets | $ | 15,563,699 | ||
| Liabilities and Stockholders’ Equity | ||||
| Current liabilities: | ||||
| Accounts payable | $ | 2,287,977 | ||
| Accrued expenses | 709,687 | |||
| Contract liabilities | 4,781 | |||
| Line of credit | 148,976 | |||
| Derivative liability | 1,607,544 | |||
| Advances on future receipts | 618,681 | |||
| Accrued acquisition cash consideration | 381,404 | |||
| Notes payable, current | 2,187,673 | |||
| Lease liability, current | 469,934 | |||
| Total current liabilities | 8,416,657 | |||
| Noncurrent liabilities: | ||||
| Note payable, net of current | 1,325,064 | |||
| Security deposits and escrow payable | 2,137,707 | |||
| Lease liability, noncurrent | 535,161 | |||
| Other liabilities | 32,950 | |||
| Total non-current liabilities | 4,030,882 | |||
| Total liabilities | 12,447,539 | |||
| Commitments and contingencies (Note 13) | ||||
| Stockholders’ equity: | ||||
| Preferred stock - $0.0001 par value; 50,000,000 shares authorized; 2,000 Series X shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | — | |||
| Common stock - $0.0001 par value; 250,000,000 shares authorized; 21,847,514 and 13,406,480 issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 2,185 | |||
| Additional paid-in capital | 25,204,258 | |||
| Accumulated deficit | (24,291,565 | ) | ||
| Total stockholders’ equity – La Rosa Holdings Corp. shareholders | 914,878 | |||
| Noncontrolling interest in subsidiaries | 2,201,282 | |||
| Total stockholders’ equity | 3,116,160 | |||
| Total liabilities and stockholders’ equity | $ | 15,563,699 | ||
See notes to the consolidated financial statements.
La Rosa Holdings Corp. and Subsidiaries
Condensed Consolidated Statements of Operations
(audited)
| For the Years Ended December 31, | ||||
| 2024 | ||||
| Revenue | $ | 47,150,031 | ||
| Cost of revenue | 42,002,577 | |||
| Gross profit | 5,147,454 | |||
| Operating expenses: | ||||
| Sales and marketing | 942,564 | |||
| General and administrative | 9,717,321 | |||
| Stock-based compensation — general and administrative | 4,730,355 | |||
| Impairment of goodwill | 787,438 | |||
| Total operating expenses | 16,177,678 | |||
| Loss from operations | (11,030,224 | ) | ||
| Other income (expense) | ||||
| Interest expense, net | (398,077 | ) | ||
| Loss on extinguishment of debt | (777,558 | ) | ||
| Amortization of debt discount | (649,138 | ) | ||
| Change in fair value of derivative liability | (1,338,506 | ) | ||
| Other income, net | 15,745 | |||
| Loss before provision for income taxes | (14,177,758 | ) | ||
| Benefit from income taxes | — | |||
| Net loss | (14,177,758 | ) | ||
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 54,032 | |||
| Net loss after noncontrolling interest in subsidiaries | (14,231,790 | ) | ||
| Less: Deemed dividend | 1,476,044 | |||
| Net loss attributable to common stockholders | $ | (15,707,834 | ) | |
| Loss per share of common stock attributable to common stockholders | ||||
| Basic and diluted | $ | (6,214.05 | ) | |
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | ||||
| Basic and diluted | 2,528 | |||
See notes to the consolidated financial statements.