Business
La Rosa Holdings Corp. Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
Celebration, FL, April 14, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it had received written notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company is eligible for a 180-day extension to regain compliance with the $1.00 minimum bid price requirement under
About this update from La Rosa Holdings Corp.
[{"type":"image","alt":"La Rosa Holdings Corp.","displaySize":"","headline":null,"caption":"La Rosa Holdings Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":206,"height":57,"url":"https://media.zenfs.com/en/globenewswire.com/192a61709a202c672f09e753c527336d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/aSqM.OosmRpQH1Mb4mRSHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTEwMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/192a61709a202c672f09e753c527336d","width":206,"height":57}},"lazy":false},{"type":"text","content":"Celebration, FL, April 14, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it had received written notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") that the Company is eligible for a 180-day extension to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule"). The Company now has until October 6, 2025 to meet the requirement. The notification has no immediate effect on the listing of the Company’s common stock, and the common stock will continue to trade on the Nasdaq Capital Market under the symbol "LRHC."","length":832,"tagName":"p"},{"type":"text","content":"Nasdaq’s determination is based on the Company meeting all other applicable requirements for listing on the Nasdaq Capital Market, with the exception of the minimum bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period and, if necessary, by effecting a reverse share split.","length":351,"tagName":"p"},{"type":"text","content":"To regain compliance with the Rule, the Company must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the 180-day extension period. However, Nasdaq may, in its discretion, require the Company to maintain a bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. The Company w...