La Rosa Holdings Corp Announces Plans to Acquire Controlling Interest in Red Door Title
2024年6月18日 - 9:30PM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for five agent-centric,
technology-integrated, cloud-based, multi-service real estate
segments, today announced that it has entered into a non-binding
Letter of Intent to acquire a controlling interest in Nona Title
Agency, which operates under the name Red Door Title, a
full-service escrow settlement and title company headquartered in
Orlando, Florida.
The Company anticipates finalizing the
transaction by the end of July. Once complete, the transaction
would allow La Rosa to provide title insurance services for home
purchases and sales, complementing its existing real estate
offerings. Securing title insurance capabilities would position the
Company to deliver more comprehensive solutions within the
residential property market.
Joe La Rosa, CEO of La Rosa Holdings Corp.,
stated, “The planned acquisition of Red Door Title would allow us
to broaden our service offerings, thereby enhancing value for our
agents and their respective clients. By integrating Red Door
Title's operations, we aim to generate additional revenue streams
to further propel our growth, increase revenue per transaction, and
equip agents with new tools to effectively compete and win in the
market. Looking ahead, we aim to layer on additional value-added
services, either through acquisition or joint venture
relationships, to further enhance our offerings, drive new revenue
streams, and expand our market presence across the U.S. Most
notably, we have demonstrated our successful track record acquiring
and integrating related businesses into our organization. Given the
massive disruption in our industry, we remain committed and highly
confident in our ability to establish La Rosa as a dominant force
in the real estate industry through our unique agent-centric
model.”
The consummation of the acquisition is subject
to the parties entering into a definitive acquisition agreement and
other related transactional documents.
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is
disrupting the real estate industry by offering agents a choice
between a revenue share model or an annual fee-based model with
100% agent commissions. Leveraging its proprietary technology
platform, La Rosa empowers agents and franchisees to deliver
top-tier service to their clients. The Company provides both
residential and commercial real estate brokerage services and
offers technology-based products and services to its sales agents
and franchise agents.
La Rosa's business model is structured around
internal services for agents and external services for the public,
including residential and commercial real estate brokerage,
franchising, real estate brokerage education and coaching, and
property management. The Company has 22 La Rosa Realty corporate
real estate brokerage offices and branches located in Florida,
California, Texas, and Georgia. The Company also has 15 La Rosa
Realty franchised real estate brokerage offices and branches and
two affiliated real estate brokerage offices in the United States
and Puerto Rico.
For more information, please
visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts
here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company’s successful acquisition of Red Door Title, the
Company's ability to achieve profitable operations, our ability to
successfully integrate acquisitions into our business operations,
customer acceptance of new services, the demand for the Company’s
services and the Company’s customers' economic condition, the
impact of competitive services and pricing, general economic
conditions, the successful integration of the Company’s past and
future acquired brokerages, the effect of the recent National
Association of Realtors' landmark settlement on our business
operations, and other risk factors detailed in the Company's
filings with the United States Securities and Exchange Commission
(the "SEC”). You are urged to carefully review and consider any
cautionary statements and other disclosures, including the
statements made under the heading “Risk Factors” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2023,
and other reports and documents that we file from time to time with
the SEC, including our Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2024. Forward-looking statements contained
in this press release are made only as of the date of this press
release, and La Rosa does not undertake any responsibility to
update any forward-looking statements in this release, except as
may be required by applicable law. References and links to websites
have been provided as a convenience, and the information contained
on such websites has not been incorporated by reference into this
press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212)
671-1020Email: LRHC@crescendo-ir.com
La Rosa (NASDAQ:LRHC)
過去 株価チャート
から 8 2024 まで 9 2024
La Rosa (NASDAQ:LRHC)
過去 株価チャート
から 9 2023 まで 9 2024