Series D preferred share authorization corrected at La Rosa (NASDAQ: LRHC)
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
La Rosa Holdings Corp. filed an amended report to update the documentation for its Series D preferred stock. The company submitted a Certificate of Correction in Nevada to fix an inadvertent error in the authorized number of Series D Convertible Preferred Stock shares.
The correction changes the authorized Series D preferred shares from 250 to 500, each with a par value of $0.0001 per share. The company also updated references so that the Securities Purchase Agreement and Subscription Date are correctly shown as effective on May 27, 2026 instead of May 26, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Authorized Series D shares: 500 shares
Prior authorized Series D shares (error): 250 shares
Par value: $0.0001 per share
+1 more
4 metrics
Authorized Series D shares
500 shares
Corrected authorized Series D Convertible Preferred Stock
Prior authorized Series D shares (error)
250 shares
Inadvertent figure in original Certificate of Designation
Par value
$0.0001 per share
Par value of Series D Convertible Preferred Stock
Certificate of Correction filing date
May 27, 2026
Filed with Nevada Secretary of State
Key Terms
Certificate of Designation, Certificate of Correction, Series D Convertible Preferred Stock, Securities Purchase Agreement, +1 more
5 terms
Certificate of Designation regulatory
"Certificate of Designation of Preferences, Rights, and Limitations of Series D Preferred Stock"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
Certificate of Correction regulatory
"the Company filed with the Nevada Secretary of State a Certificate of Correction"
Series D Convertible Preferred Stock financial
"Series D Convertible Preferred Stock, par value $0.0001 per share"
Series D convertible preferred stock is a class of shares issued in a later-stage funding round that gives holders priority over common shareholders for payouts and often a fixed dividend, while including an option to convert those shares into common stock. It matters to investors because it affects who gets paid first if a company is sold or liquidates and can change ownership stakes and voting power when converted, similar to holding a safer ticket that can be exchanged for regular tickets later.
Securities Purchase Agreement financial
"corrected references to the Securities Purchase Agreement and Subscription Date"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
Emerging growth company regulatory
"Emerging growth company Explanatory Note"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did La Rosa Holdings Corp. (LRHC) change in this 8-K/A?
La Rosa Holdings Corp. filed an amended report to correct its Series D preferred stock documentation, mainly fixing the authorized share count and certain effective dates referenced in the Series D Certificate of Designation filed in Nevada.
What error did La Rosa Holdings (LRHC) correct regarding its Series D preferred stock?
The company corrected an inadvertent error in the authorized number of Series D preferred shares, revising it from 250 to 500, and also fixed date references for the Securities Purchase Agreement and Subscription Date to May 27, 2026.
What is the par value of La Rosa’s Series D Convertible Preferred Stock?
The Series D Convertible Preferred Stock has a stated par value of $0.0001 per share. This par value remains part of the Certificate of Designation, which was supplemented by the Certificate of Correction filed with the Nevada Secretary of State.
Which exhibits were added or replaced in La Rosa’s (LRHC) amended report?
The amended report replaces Exhibit 3.1 with the updated Series D Certificate of Designation bearing Nevada’s filing stamp and adds Exhibit 3.2, the Certificate of Correction filed on May 27, 2026 with the Nevada Secretary of State.