La Rosa Holdings Corp. 8-K
Research Summary
AI-generated summary
La Rosa Holdings Corp. Acquires Remaining 49% of Lakeland for $350K
What Happened
La Rosa Holdings Corp. announced it closed a transaction on February 11, 2026 to acquire the selling member’s 49% membership interest in La Rosa Realty Lakeland LLC (Lakeland) from CEO Joseph La Rosa for $350,000, making Lakeland a wholly owned subsidiary. The company filed the transaction agreements on Form 8-K and issued a press release on February 18, 2026.
Key Details
- Purchase price: $350,000 total — $150,000 initial payment due within 10 days of closing and $200,000 paid in 12 equal monthly installments of $16,666.67 beginning March 1, 2026.
- Seller/Related party: the selling member is Joseph La Rosa, the Company’s CEO.
- Security: to secure unpaid installments, the company granted the seller a perfected, first-priority security interest in a non-voting 28% economic membership interest in Lakeland (Pledge Agreement).
- Sale limitation: under a Settlement Agreement the seller agreed not to sell more than 5,000 shares of the company’s common stock per calendar month until the seller is paid in full or the stock closes at $5.00+ for 20 consecutive trading days.
Why It Matters
This transaction brings Lakeland fully under La Rosa Holdings’ control, consolidating operations that could affect future revenue and cash flow from that subsidiary. The staggered payment and the pledged economic interest mean the company has a financed obligation (installments secured by a membership interest) and a related-party lockup on CEO share sales, both relevant to liquidity and governance considerations for investors. The Company furnished the underlying agreements and a press release with the 8-K for more detail.