La Rosa Holdings to Effect 1-for-10 Reverse Split Reducing Shares to 583,000
La Rosa Holdings will implement a 1-for-10 reverse stock split effective April 20, 2026 at 12:01 a.m., consolidating every ten shares into one and reducing its outstanding common shares from approximately 5.8 million to 583,000. The split also applies to stock options and warrants, with fractional shares rounded up.
1. Reverse Split Details
The 1-for-10 reverse stock split will take effect on April 20, 2026 at 12:01 a.m., consolidating every ten issued and outstanding shares into one. This action will reduce the company’s outstanding shares from about 5.8 million to 583,000, apply to options and warrants, round up fractional shares, and retain trading under the same symbol with new CUSIP 50172T400.
2. Rationale and Nasdaq Compliance
La Rosa initiated the split proactively to satisfy Nasdaq’s minimum bid price requirement before any deficiency notice is issued. By reducing the share count, the company aims to increase its per-share price and demonstrate commitment to maintaining its Nasdaq listing.