[8-K] Unifirst Corp Reports Material Event
La Rosa Holdings Corp. (LRHC) filed a Form 8-K dated June 26, 2025 announcing that on June 23, 2025 it entered into Amendment No. 1 to its $5.5 million senior secured convertible note originally issued on February 4, 2025. The amendment, executed with the institutional investor that purchased the note, corrects previously identified errors in the definitions of (i) the “Maturity Date” and (ii) the “Alternate Conversion Price.” All other provisions of the Securities Purchase Agreement and the note remain in force. The corrected document is filed as Exhibit 4.1 and incorporated by reference.
No new financing was raised, and the company did not disclose revised numerical terms, updated financial statements, or forward-looking guidance. Nevertheless, clarifying the maturity schedule and conversion mechanics may remove uncertainty around potential dilution and repayment timing. The filing contains no other material events.
La Rosa Holdings Corp. (LRHC) ha presentato un modulo 8-K datato 26 giugno 2025, annunciando che il 23 giugno 2025 ha stipulato il Primo Emendamento al suo prestito convertibile senior garantito da 5,5 milioni di dollari originariamente emesso il 4 febbraio 2025. L'emendamento, realizzato con l'investitore istituzionale che ha acquistato il prestito, corregge errori precedentemente identificati nelle definizioni di (i) “Data di Scadenza” e (ii) “Prezzo di Conversione Alternativo”. Tutte le altre disposizioni dell'Accordo di Acquisto dei Titoli e del prestito rimangono valide. Il documento corretto è depositato come Allegato 4.1 e incorporato per riferimento.
Non sono stati raccolti nuovi finanziamenti e la società non ha divulgato termini numerici rivisti, bilanci aggiornati o previsioni future. Tuttavia, chiarire il calendario di scadenza e le modalità di conversione potrebbe eliminare incertezze riguardo a potenziali diluizioni e tempistiche di rimborso. Il deposito non contiene altri eventi rilevanti.
La Rosa Holdings Corp. (LRHC) presentó un Formulario 8-K fechado el 26 de junio de 2025, anunciando que el 23 de junio de 2025 firmó la Enmienda No. 1 a su nota convertible senior garantizada por 5,5 millones de dólares emitida originalmente el 4 de febrero de 2025. La enmienda, realizada con el inversor institucional que adquirió la nota, corrige errores previamente identificados en las definiciones de (i) la “Fecha de Vencimiento” y (ii) el “Precio de Conversión Alternativo”. Todas las demás disposiciones del Acuerdo de Compra de Valores y la nota permanecen vigentes. El documento corregido se presenta como Anexo 4.1 e incorporado por referencia.
No se obtuvieron nuevos financiamientos y la compañía no divulgó términos numéricos revisados, estados financieros actualizados ni proyecciones futuras. Sin embargo, aclarar el calendario de vencimiento y los mecanismos de conversión puede eliminar incertidumbres sobre la posible dilución y los tiempos de reembolso. La presentación no contiene otros eventos materiales.
La Rosa Holdings Corp. (LRHC)는 2025년 6월 26일자 Form 8-K를 제출하며, 2025년 6월 23일에 2025년 2월 4일에 최초 발행된 550만 달러 규모의 선순위 담보 전환사채에 대한 제1차 수정안을 체결했다고 발표했습니다. 해당 수정안은 해당 채권을 매입한 기관 투자자와 함께 체결되었으며, (i) “만기일”과 (ii) “대체 전환가” 정의에서 기존에 확인된 오류를 수정합니다. 증권 매매 계약서 및 채권의 다른 모든 조항은 유효하게 유지됩니다. 수정된 문서는 Exhibit 4.1로 제출되어 참조용으로 포함됩니다.
새로운 자금 조달은 없었으며, 회사는 수정된 수치 조건, 최신 재무제표 또는 향후 전망을 공개하지 않았습니다. 그럼에도 불구하고 만기 일정과 전환 방식의 명확화는 잠재적 희석과 상환 시기에 대한 불확실성을 해소할 수 있습니다. 제출 서류에는 다른 중요한 사건이 포함되어 있지 않습니다.
La Rosa Holdings Corp. (LRHC) a déposé un formulaire 8-K daté du 26 juin 2025, annonçant que le 23 juin 2025, elle a conclu le Premier Amendement à sa note convertible senior garantie de 5,5 millions de dollars initialement émise le 4 février 2025. L'amendement, réalisé avec l'investisseur institutionnel ayant acheté la note, corrige des erreurs précédemment identifiées dans les définitions de (i) la « Date d'Échéance » et (ii) le « Prix de Conversion Alternatif ». Toutes les autres dispositions de l'Accord d'Achat de Titres et de la note restent en vigueur. Le document corrigé est déposé en tant qu'Exhibit 4.1 et incorporé par référence.
Aucun nouveau financement n'a été levé et la société n'a pas divulgué de conditions numériques révisées, d'états financiers mis à jour ou de prévisions prospectives. Néanmoins, clarifier le calendrier d'échéance et les mécanismes de conversion peut éliminer les incertitudes concernant une dilution potentielle et le calendrier de remboursement. Le dépôt ne contient aucun autre événement important.
La Rosa Holdings Corp. (LRHC) reichte am 26. Juni 2025 ein Formular 8-K ein und gab bekannt, dass am 23. Juni 2025 eine Änderung Nr. 1 zu ihrer ursprünglich am 4. Februar 2025 ausgegebenen 5,5 Millionen US-Dollar schweren vorrangig gesicherten Wandelanleihe abgeschlossen wurde. Die Änderung, die mit dem institutionellen Investor, der die Anleihe erworben hat, vereinbart wurde, korrigiert zuvor festgestellte Fehler in den Definitionen von (i) dem „Fälligkeitsdatum“ und (ii) dem „Alternativen Wandlungspreis“. Alle anderen Bestimmungen des Wertpapierkaufvertrags und der Anleihe bleiben in Kraft. Das korrigierte Dokument ist als Anlage 4.1 eingereicht und wird durch Verweis aufgenommen.
Es wurden keine neuen Finanzierungsmittel aufgenommen, und das Unternehmen veröffentlichte keine überarbeiteten Zahlen, aktualisierte Finanzberichte oder zukunftsgerichtete Prognosen. Dennoch kann die Klärung des Fälligkeitsplans und der Umwandlungsmechanismen Unsicherheiten bezüglich möglicher Verwässerungen und Rückzahlungszeitpunkte beseitigen. Die Einreichung enthält keine weiteren wesentlichen Ereignisse.
- Clarification of key economic terms in the $5.5 million convertible note reduces contractual ambiguity and potential future disputes.
- Need for post-issuance corrections signals possible weaknesses in internal documentation and review controls.
Insights
TL;DR: 8-K neutral; fixes note wording, no fresh capital, lowers legal uncertainty.
The amendment merely corrects definitions in the $5.5 million senior secured convertible note. Because the change is limited to drafting errors, cash flow, leverage and covenant structure are unaffected. Clarity around the Alternate Conversion Price could marginally reduce pricing disputes and litigation risk, but the absence of numerical disclosure prevents valuation recalibration. For equity investors, potential dilution remains tied to the yet-undisclosed corrected price and the eventual conversion decision by the investor. Overall, the filing is administrative rather than economically transformative.
TL;DR: Governance neutral; correction shows responsiveness, but prior drafting errors raise process concerns.
Correcting contractual inaccuracies demonstrates management’s willingness to ensure transparency and compliance. However, the need for post-issuance corrections suggests deficiencies in initial document review and internal controls over securities issuance. While the impact is modest, investors may scrutinize the company’s legal oversight processes more closely. The company remains an Emerging Growth Company and has not opted out of extended accounting transition, indicating limited regulatory burden.
La Rosa Holdings Corp. (LRHC) ha presentato un modulo 8-K datato 26 giugno 2025, annunciando che il 23 giugno 2025 ha stipulato il Primo Emendamento al suo prestito convertibile senior garantito da 5,5 milioni di dollari originariamente emesso il 4 febbraio 2025. L'emendamento, realizzato con l'investitore istituzionale che ha acquistato il prestito, corregge errori precedentemente identificati nelle definizioni di (i) “Data di Scadenza” e (ii) “Prezzo di Conversione Alternativo”. Tutte le altre disposizioni dell'Accordo di Acquisto dei Titoli e del prestito rimangono valide. Il documento corretto è depositato come Allegato 4.1 e incorporato per riferimento.
Non sono stati raccolti nuovi finanziamenti e la società non ha divulgato termini numerici rivisti, bilanci aggiornati o previsioni future. Tuttavia, chiarire il calendario di scadenza e le modalità di conversione potrebbe eliminare incertezze riguardo a potenziali diluizioni e tempistiche di rimborso. Il deposito non contiene altri eventi rilevanti.
La Rosa Holdings Corp. (LRHC) presentó un Formulario 8-K fechado el 26 de junio de 2025, anunciando que el 23 de junio de 2025 firmó la Enmienda No. 1 a su nota convertible senior garantizada por 5,5 millones de dólares emitida originalmente el 4 de febrero de 2025. La enmienda, realizada con el inversor institucional que adquirió la nota, corrige errores previamente identificados en las definiciones de (i) la “Fecha de Vencimiento” y (ii) el “Precio de Conversión Alternativo”. Todas las demás disposiciones del Acuerdo de Compra de Valores y la nota permanecen vigentes. El documento corregido se presenta como Anexo 4.1 e incorporado por referencia.
No se obtuvieron nuevos financiamientos y la compañía no divulgó términos numéricos revisados, estados financieros actualizados ni proyecciones futuras. Sin embargo, aclarar el calendario de vencimiento y los mecanismos de conversión puede eliminar incertidumbres sobre la posible dilución y los tiempos de reembolso. La presentación no contiene otros eventos materiales.
La Rosa Holdings Corp. (LRHC)는 2025년 6월 26일자 Form 8-K를 제출하며, 2025년 6월 23일에 2025년 2월 4일에 최초 발행된 550만 달러 규모의 선순위 담보 전환사채에 대한 제1차 수정안을 체결했다고 발표했습니다. 해당 수정안은 해당 채권을 매입한 기관 투자자와 함께 체결되었으며, (i) “만기일”과 (ii) “대체 전환가” 정의에서 기존에 확인된 오류를 수정합니다. 증권 매매 계약서 및 채권의 다른 모든 조항은 유효하게 유지됩니다. 수정된 문서는 Exhibit 4.1로 제출되어 참조용으로 포함됩니다.
새로운 자금 조달은 없었으며, 회사는 수정된 수치 조건, 최신 재무제표 또는 향후 전망을 공개하지 않았습니다. 그럼에도 불구하고 만기 일정과 전환 방식의 명확화는 잠재적 희석과 상환 시기에 대한 불확실성을 해소할 수 있습니다. 제출 서류에는 다른 중요한 사건이 포함되어 있지 않습니다.
La Rosa Holdings Corp. (LRHC) a déposé un formulaire 8-K daté du 26 juin 2025, annonçant que le 23 juin 2025, elle a conclu le Premier Amendement à sa note convertible senior garantie de 5,5 millions de dollars initialement émise le 4 février 2025. L'amendement, réalisé avec l'investisseur institutionnel ayant acheté la note, corrige des erreurs précédemment identifiées dans les définitions de (i) la « Date d'Échéance » et (ii) le « Prix de Conversion Alternatif ». Toutes les autres dispositions de l'Accord d'Achat de Titres et de la note restent en vigueur. Le document corrigé est déposé en tant qu'Exhibit 4.1 et incorporé par référence.
Aucun nouveau financement n'a été levé et la société n'a pas divulgué de conditions numériques révisées, d'états financiers mis à jour ou de prévisions prospectives. Néanmoins, clarifier le calendrier d'échéance et les mécanismes de conversion peut éliminer les incertitudes concernant une dilution potentielle et le calendrier de remboursement. Le dépôt ne contient aucun autre événement important.
La Rosa Holdings Corp. (LRHC) reichte am 26. Juni 2025 ein Formular 8-K ein und gab bekannt, dass am 23. Juni 2025 eine Änderung Nr. 1 zu ihrer ursprünglich am 4. Februar 2025 ausgegebenen 5,5 Millionen US-Dollar schweren vorrangig gesicherten Wandelanleihe abgeschlossen wurde. Die Änderung, die mit dem institutionellen Investor, der die Anleihe erworben hat, vereinbart wurde, korrigiert zuvor festgestellte Fehler in den Definitionen von (i) dem „Fälligkeitsdatum“ und (ii) dem „Alternativen Wandlungspreis“. Alle anderen Bestimmungen des Wertpapierkaufvertrags und der Anleihe bleiben in Kraft. Das korrigierte Dokument ist als Anlage 4.1 eingereicht und wird durch Verweis aufgenommen.
Es wurden keine neuen Finanzierungsmittel aufgenommen, und das Unternehmen veröffentlichte keine überarbeiteten Zahlen, aktualisierte Finanzberichte oder zukunftsgerichtete Prognosen. Dennoch kann die Klärung des Fälligkeitsplans und der Umwandlungsmechanismen Unsicherheiten bezüglich möglicher Verwässerungen und Rückzahlungszeitpunkte beseitigen. Die Einreichung enthält keine weiteren wesentlichen Ereignisse.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 2, 2025, UniFirst Corporation (the “Company”) issued a press release (“Press Release”) announcing financial results for the third quarter of fiscal 2025, which ended on May 31, 2025. A copy of the Press Release is attached as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 2.02, including the exhibit attached hereto, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for any purpose, including for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act") or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Press release of the Company dated July 2, 2025 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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UNIFIRST CORPORATION |
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Date: July 2, 2025 |
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/s/ Steven S. Sintros |
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Steven S. Sintros |
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President and Chief Executive Officer |
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/s/ Shane O’Connor |
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Shane O’Connor |
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Executive Vice President and Chief Financial Officer |
FAQ
What did La Rosa Holdings (LRHC) disclose in its latest 8-K?
Does the amendment bring new capital to LRHC?
Could the amendment affect shareholder dilution?
Is LRHC still classified as an Emerging Growth Company?
Where can investors find the full amendment text?
