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La Rosa Holdings wipes $5.5M debt amid AI data center push
La Rosa Holdings (NASDAQ: LRHC) has eliminated $5.5 million in convertible debt by converting it into common shares, which were subsequently sold. This move aims to strengthen its balance sheet, simplify its capital structure, and reduce cash burn, with improvements expected in Q1 2026. The company also announced plans to purchase land for a Tier III AI data center using existing cash, without needing additional capital.