FOR IMMEDIATE RELEASE
Veribas CEO Ahsan Charania Submits Second All-Cash Offer to Acquire 100% of La Rosa Holdings Corp. at 20% Premium
Alpharetta, GA — 12/25/2025 — Ahsan Charania, Chief Executive Officer of Veribas, announced today that he has submitted a second Letter of Intent (LOI) to acquire 100% of the outstanding equity of La Rosa Holdings Corp. in an all-cash transaction valuing the company at $0.79 per share, representing an approximate 20% premium to the company’s recent trading price of approximately $0.66 per share.
The renewed proposal follows a prior offer and reflects Mr. Charania’s continued interest in pursuing a full acquisition amid ongoing share price pressure. The proposed transaction contemplates the acquisition of all issued and outstanding shares, including all voting securities, resulting in the company becoming privately held upon completion.
Under the terms of the LOI, Mr. Charania has proposed a 120-day due diligence period, during which the parties would work toward negotiating and executing a definitive Stock Purchase Agreement. The offer is not subject to any financing contingency and would be funded entirely with cash.
“This second offer reaffirms my commitment to providing shareholders with immediate liquidity at a meaningful premium and certainty of value,” said Mr. Charania. “Given continued market volatility and declining trading prices, I believe this proposal represents a clear and responsible path forward for shareholders and the company.”
The LOI is intended to serve as the basis for a definitive purchase agreement, subject to customary due diligence, board and shareholder approvals, and the execution of final transaction documents.
The offer remains open for acceptance until December 31, 2025.
There can be no assurance that a definitive agreement will be executed or that the proposed transaction will be consummated. Any additional disclosures will be made in accordance with applicable securities laws.
Forward-Looking Statements
This press release contains forward-looking statements regarding a proposed transaction. Actual results may differ materially due to risks and uncertainties.
