The latest announcement is out from La Rosa Holdings Corp. ( (LRHC) ).
La Rosa Holdings Corp. has reached an agreement to restructure its debt with an institutional accredited investor, deferring payments on three promissory notes until February 2025 and pushing back their maturity to August 2025. This move will reduce the company’s total debt by about 9.5% and halt conversions of the notes into common stock, unless the company defaults or fails to comply with the amendment terms. La Rosa believes this strategic move will bolster its financial flexibility and support its growth initiatives, including potential acquisitions and a target of $100 million annualized revenue by the end of 2024, with profitability anticipated in 2025.
For a thorough assessment of LRHC stock, go to TipRanks’ Stock Analysis page.
