Announcement • Jun 13
La Rosa Holdings Corp Receives Nasdaq Non-Compliance Due to Delinquent Filings and Insufficient Equity
As previously reported, on May 21, 2026, La Rosa Holdings Corp., a Nevada corporation (the Company), received a letter from the Listing Qualifications Department (the Staff) of The Nasdaq Stock Market LLC (Nasdaq) notifying the Company that, because the Company is delinquent in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the Form 10-Q) and remains delinquent in filing its Annual Report on Form 10-K for the year ended December 31, 2025 (the Form 10-K), the Company does not comply with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the Securities and Exchange Commission (SEC). On June 4, 2026, the Company filed Form 10-K with the SEC. On June 10, 2026, the Company received a letter from the Staff indicating that based on the June 4, 2026 filing of the Form 10-K, the Staff has determined that the Company complies with Nasdaq Listing Rule 5250(c)(1) with regard to the Form 10-K filing. However, since it has not received the Company's Form 10-Q, the Company remains noncompliant Nasdaq Listing Rule 5250(c)(1). On June 11, 2026, the Company submitted to Nasdaq a plan of compliance (the Plan) addressing how the Company intends to regain compliance with Nasdaq's listing rules with respect to the delinquent reports, and Nasdaq has the discretion to grant the Company up to 180 calendar days from the due date of the Form 10-K, or October 12, 2026, to regain compliance. The Company intends to file the Form 10-Q with the SEC as soon as practicable and regain compliance under the Nasdaq Listing Rule 5250(c)(1). On June 10, 2026, the Company received a letter from the Staff indicating that, because the Company's stockholders' equity as reported in its Form 10-K for the fiscal year ended December 31, 2025 was $(1,848,252), the Company is no longer in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2,500,000 in stockholders' equity for continued listing. The letter from Nasdaq has no immediate effect on the listing of the Company's common stock and its common stock continues to be listed on The Nasdaq Capital Market under the symbol LRHC. Nasdaq's letter provides the Company with 45 calendar days, or until July 27, 2026, to submit a plan to regain compliance. If the plan is accepted, the Company can be granted up to 180 calendar days from the date of the letter (or until December 7, 2026), to evidence compliance. In determining whether to accept the plan, the Staff will consider such things as the likelihood that the plan will result in compliance with Nasdaq's continued listing criteria, the Company's past compliance history, the reasons for the Company's current non-compliance, other corporate events that may occur within the review period, the Company's overall financial condition and its public disclosures. There can be no assurance that the Company will be able to regain or maintain compliance with all applicable continued listing requirements or that its plan will be accepted by the Nasdaq Staff. In the event the plan is not accepted by the Nasdaq Staff, the Company would have the right to appeal that decision to a Hearings Panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company appeals any delisting determination by Nasdaq to a panel, that such appeal would be successful. The Company intends to take all reasonable measures available to regain compliance under the Nasdaq Listing Rules and remain listed on Nasdaq. The Company is currently evaluating its available options to resolve the deficiency and regain compliance with the Nasdaq minimum stockholders' equity requirement.