La Rosa has identified a pipeline of potential opportunities at various stages of evaluation and believes that the disciplined execution of select initiatives could improve profitability and accelerate long-term value creation.

As part of this process, the Company has terminated its previously announced non-binding letter of intent with Consensus Core Technologies Inc. following a comprehensive review by the Company’s Board of Directors, which concluded that proceeding with the proposed transaction was no longer in the best interests of the Company or its shareholders.

Additionally, on August 4, 2026, Nasdaq notified the Company that it has regained compliance with the periodic filing requirement for The Nasdaq Stock Market under Listing Rule 5250(c)(1) (the "Rule") following the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and the matter has been formally closed.

Joe La Rosa, CEO of the Company, commented, "The strategic review reflects our Board's commitment to carefully evaluating opportunities that can strengthen La Rosa's business and position the Company for future growth. With our Nasdaq compliance with the Rule regained we are focused on regaining compliance with Nasdaq’s minimum stockholders equity requirement, refining our strategic direction, strengthening our operating platform, and pursuing opportunities that we believe can enhance our competitive position and create lasting value for our shareholders."

The Company will provide additional updates as material developments occur. There can be no assurance that the strategic review process will result in any specific transaction or outcome. The Company has not set a timetable for the conclusion of this review, has not authorized any third party to act on its behalf in connection with any potential transaction, and, and the Company does not intend to comment further unless and until disclosure is determined to be appropriate or required under applicable securities laws.