La Rosa Regains Compliance with Nasdaq
19 Abril 2024 - 7:30AM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for five agent-centric,
technology-integrated, cloud-based, multi-service real estate
segments, today announced that on April 18, 2024, it received
written notice from the Listing Qualifications Staff of the Nasdaq
Stock Market ("Nasdaq"), informing the Company that it has regained
compliance with Nasdaq Continue Listing Rules by satisfying
Nasdaq’s Equity Standard under Listing Rule 5550(b).
Joe La Rosa, CEO of the Company, commented, “We
are pleased to announce that the Company has regained compliance
with Nasdaq's continued listing requirements. We believe that this
accomplishment underscores our unwavering commitment to corporate
governance and generating lasting value for shareholders. In our
view, La Rosa stands out in the real estate industry with our
distinctive brokerage model, offering agents the choice between a
revenue share model or an annual fee-based model with 100% agent
commissions. We remain focused on executing our roll-up strategy,
acquiring profitable franchisees, solidifying our market position,
and delivering sustainable growth for shareholders.”
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is a
holding company for five agent-centric, technology-integrated,
cloud-based, multi-service real estate segments. In addition to
providing person-to-person residential and commercial real estate
brokerage services to the public, the Company cross-sells ancillary
technology-based products and services primarily to its sales
agents and the sales agents associated with their franchisees. La
Rosa's business is organized based on the services they provide
internally to their agents and to the public, which are residential
and commercial real estate brokerage, franchising, real estate
brokerage education and coaching, and property management.
For more information, please
visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts
here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company's ability to achieve profitable operations, customer
acceptance of new services, the demand for the Company’s services
and the Company’s customers' economic condition, the impact of
competitive services and pricing, general economic conditions, the
successful integration of the Company’s past and future acquired
brokerages, and other risk factors detailed in the Company's
filings with the United States Securities and Exchange Commission
(the "SEC”). You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the headings “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2023,
and in other reports and documents that we file from time to time
with the SEC. Forward-looking statements contained in this press
release are made only as of the date of this press release, and La
Rosa does not undertake any responsibility to update any
forward-looking statements in this release, except as may be
required by applicable law. References and links to websites have
been provided as a convenience, and the information contained on
such websites has not been incorporated by reference into this
press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020
Email: LRHC@crescendo-ir.com
La Rosa (NASDAQ:LRHC)
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La Rosa (NASDAQ:LRHC)
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