Inspire Veterinary Partners (IVP) Prices 6M Unit Offering at $1/unit

Inspire Veterinary Partners, Inc. (Nasdaq: IVP) announces the pricing of its public offering of 6,000,000 units, each unit consisting of either one share of the Company's Class A common stock or one pre-funded warrant to purchase one share of the Company's Class A common stock and one warrant to purchase one share of the Company's Class A common stock at a public offering price of $1.00 per unit.The pre-funded warrants are issuable to purchasers in lieu of shares of Class A common stock that would otherwise result in such purchaser's beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of the Company's outstanding Class A common stock, if any such purchaser so chooses. Each pre-funded warrant is exercisable at any time to purchase one common share at an exercise price of $0.0001 per share. Gross proceeds from the Offering, before deducting the placement agent's fees and other offering expenses, were approximately $6.0 million. The Company intends to use the proceeds of the offering for working capital, general corporate purposes, payments to a third-party marketing agency for services related to marketing and advertising, strategic investments, and any additional future acquisition (if any).

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

The offering is expected to close on July 9^th, 2024, subject to customary closing conditions. The offering is being conducted pursuant to the Company's registration statement on Form S-1, as amended (Reg No. 333-280194), initially filed with the Securities and Exchange Commission (the "SEC") on June 14, 2024, and subsequently declared effective by the SEC on July 2^nd, 2024. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the final prospectus relating to this offering may be obtained from 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.

You May Also Be Interested In

• Shutterstock and Getty Images merger terminated after CMA conditions
• Triple Flag posts $129.2M in Q2 2026 revenue, buys back $20M shares
• Greenland Mines ends at-the-market sales deal with A.G.P.