Nasdaq Stock Market’s Listing Qualifications Department recently extended the timeframe for La Rosa Holdings Corp., the holding company for six real estate segments, to regain compliance under Nasdaq Listing Rule 5550(a)(2)’s $1 minimum bid price requirement by 180 days.
La Rose has until Oct. 6 to maintain a closing bid price of at least $1 per share for a minimum of 10 consecutive business days. Nasdaq has the option of requiring the company to maintain a bid price of at least $1 per share for a period in excess of 10 consecutive business days but generally no more than 20 consecutive business days before determining compliance.
“Our focus remains on achieving profitability in 2025 by expanding our national footprint, acquiring additional real estate brokerage firms, and strengthening our agent network,” Joe La Rosa, La Rosa Holdings CEO, said. “We are also committed to leveraging technology and innovation to enhance operational efficiencies and provide best-in-class services to our agents and clients. We are confident in our ability to drive sustainable growth and maximize shareholder value as we work toward regaining compliance within the extension period.”
The company is compliant will all other Nasdaq requirements, and its stock will continue to trade on the Nasdaq Capital Market under the symbol “LRHC.”