La rosa announces closing of initial public offering

Celebration, fla., oct. 12, 2023 (globe newswire) -- 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 companies, today announced the closing of its underwritten initial public offering of 1,000,000 shares of common stock at an initial public offering price of $5.00 per share. the gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the company, are expected to be $5,000,000. in addition, the company has granted the underwriters a 45-day option to purchase up to 150,000 additional shares of common stock at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.
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