La Rosa Holdings Corp. announced on January 28, 2025, that it has fully redeemed and extinguished all outstanding warrants previously issued to an institutional accredited investor. These warrants were exercisable for 2,446,634 shares of the company's common stock.
The warrants have been terminated in their entirety and are no longer exercisable, in accordance with the Warrant Redemption and Cancellation Agreement signed on January 22, 2025. This action streamlines the company's capital structure.
CEO Joe La Rosa stated that this milestone reinforces the company's commitment to building a solid foundation for sustained growth and long-term success. He also noted the company's focus on eliminating debt and strengthening its balance sheet, aiming for profitability in 2025 through acquisitions and agent network growth.
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