VIRGINIA BEACH, VA - Inspire Veterinary Partners, Inc. (NASDAQ:IVP), a U.S.-based pet healthcare service provider, has announced the pricing of its public offering at approximately $4.0Mn. The offering, which is expected to close on February 13, 2024, subject to standard closing conditions, includes 47,058,823 shares of Class A common stock and, for certain investors, pre-funded warrants as an alternative to shares.
The shares and warrants are priced at $0.085 each, with warrants exercisable at $0.0001 per share. These pre-funded warrants are available to purchasers whose ownership would otherwise surpass 4.99% or 9.99% of Inspire's outstanding Class A common stock. Spartan Capital Securities, LLC is the sole placement agent for the offering.
Proceeds from the offering are earmarked for strategic acquisitions, hiring marketing and business consulting services, as well as for working capital and general corporate purposes. The offering follows the effective registration statement filed with the SEC on February 8, 2024.
Inspire Veterinary Partners operates a growing network of veterinary hospitals across the United States and plans to continue expanding through acquisitions. The company specializes in a range of veterinary services, including general practice, mixed animal care, and emergency services.
The securities are offered through a prospectus forming part of the registration statement. Interested parties can obtain copies of the final prospectus, when available, through Spartan Capital Securities or the SEC's website.
This article is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The offering will not proceed in any jurisdiction where it would be unlawful without registration or qualification under the local securities laws.
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