La Rosa Holdings Corp. (NASDAQ: LRHC) has announced an 80-for-1 reverse stock split to be effective on July 7, 2025. This move aims to regain compliance with Nasdaq's minimum bid price requirement and reduce the public float. Post-split, the company's common stock will continue trading under the symbol "LRHC" with a new CUSIP number, 50172T202. The reverse split will reduce outstanding shares from approximately 58.3 million to about 729,000. CEO Joe La Rosa believes this will attract more institutional investors and aid in achieving profitability by the end of 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.