Inspire Veterinary Partners (IVP) Announces 10M Share Offering at $0.25/sh

Inspire Veterinary Partners, Inc. (Nasdaq: IVP) today announced that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 10,000,000 million shares of Class A common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about October 23, 2024, subject to the satisfaction of customary closing conditions.

Spartan Capital Securities, LLC is acting as sole placement agent in connection with this offering.

The gross proceeds of the offering are expected to be $2.5 million, prior to deducting placement agent's fees and other offering expenses payable by Inspire. Inspire intends to use the net proceeds from the offering for working capital, general corporate purposes, strategic investments, and any additional future acquisition (if any).

An automatic shelf registration statement on Form S-3 (File No.333-282355) (including a base prospectus) previously filed with the Securities and Exchange Commission (the "SEC") on October 8, 2024 and declared effective by the SEC on October 11, 2024. A prospectus supplement and the accompanying base prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov., or by contacting Spartan Capital Securities LLC at 725 Fifth Avenue, 23rd Floor, New York, NY 10022, or at www.spartancapital.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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