Inspire Veterinary Partners Announces Pricing of $6 Million Public Offering

Virginia Beach, VA / ACCESSWIRE / July 8, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq: IVP) has announced the pricing of its public offering of 6,000,000 units. Each unit includes either one share of Class A common stock or one pre-funded warrant for purchasing one share of the Class A common stock, and one warrant for purchasing one Class A common stock share, priced at $1.00 per unit.

The pre-funded warrants allow purchasers to limit their ownership to 4.99% (or 9.99% at their election) of the outstanding Class A common stock. The gross proceeds, before fees and expenses, total approximately $6.0 million. The proceeds will be used for working capital, corporate purposes, marketing expenses, strategic investments, and potential future acquisitions.

Spartan Capital Securities LLC is the sole placement agent for this offering, expected to close on July 9th, 2024, pending customary closing conditions. The offering follows the Company's registration statement on Form S-1, declared effective by the SEC on July 2nd, 2024.