Inspire Veterinary Partners Announces $2.5 Million Direct Stock Offering

Inspire Veterinary Partners, Inc., a provider of pet healthcare services across the U.S., has announced a securities purchase agreement with institutional investors. The agreement involves the sale of 10,000,000 shares of Class A common stock at $0.25 per share through a registered direct offering. This transaction is expected to close by October 23, 2024, pending standard closing conditions.

Spartan Capital Securities, LLC is serving as the sole placement agent. The offering aims to generate gross proceeds of $2.5 million, before deducting associated fees and expenses. Inspire plans to use the net proceeds for working capital, general corporate purposes, strategic investments, and potential future acquisitions.

A prospectus supplement related to this offering will be made available on the SEC's website. This announcement does not constitute an offer to sell or buy any securities.