Why Is La Rosa Stock (LRHC) Up Today?
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La Rosa (LRHC) stock surged 53.85% in pre-market trading after the company closed an $11 million note from its $250 million private placement convertible note facility, increasing its total financing capacity to $1.25 billion. CEO Joe La Rosa stated this milestone allows the company to advance its AI infrastructure strategy. Despite a year-to-date increase of 23.03%, LRHC shares have fallen 97.94% over the past year, with trading volume significantly higher than average.
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