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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 13, 2024
INSPIRE VETERINARY PARTNERS, INC.
(Exact name of registrant as specified in its charter)
Nevada |
|
001-41792 |
|
85-4359258 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
780 Lynnhaven Parkway, Suite 400
Virginia Beach, VA |
|
23452 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (757) 734-5464
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class A Common Stock, par value $0.0001 |
|
IVP |
|
Nasdaq Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events.
Press Release
On February 13, 2024,
Inspire Veterinary Partners, Inc. (the “Company”) issued a press release announcing the closing of its previously
announced public offering of shares of Class A common stock of the Company and pre-funded warrants to purchase shares of Class A common stock of the Company, a copy of which is attached as Exhibit 99.1 to this Current Report on
Form 8-K.
Item. 9.01. Financial Statements and Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: February 13, 2024 |
INSPIRE VETERINARY PARTNERS, INC. |
|
|
|
|
By: |
/s/ Kimball Carr |
|
Name: |
Kimball Carr |
|
Title: |
Chair, President and Chief Executive Officer |
2
Exhibit 99.1
Inspire Veterinary Partners Announces Closing of $4.0 Million Public
Offering
Virginia Beach, VA, (February 13, 2024) (ACCESSWIRE)
- - Inspire Veterinary Partners, Inc. (Nasdaq: IVP) (“Inspire” or the “Company”), an owner and provider of pet
health care services throughout the U.S., today announced it has closed its previously announced
public offering of shares of Class A common stock for gross proceeds of approximately $4.0 million, prior to deducting placement agent
fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for strategic
acquisitions, the engagement of external, third-party marketing and business consultants, working capital and general corporate purposes.
The public offering was comprised of 47,058,823
shares of Class A common shares and, at the option of purchasers, pre-funded warrants in lieu of shares, priced at a public offering
price of $0.085 for one common share or pre-funded warrant (less the par value of each share of Class A common stock in the case of each
pre-funded warrant). 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.
Spartan Capital Securities, LLC is
acting as sole placement agent in connection with this offering.
The Securities and Exchange Commission (“SEC”) declared
effective a registration statement on Form S-1 relating to these securities on February 8, 2024. A final prospectus relating to and describing
the terms of the offering was filed with the SEC and is available on the SEC's website at https://www.sec.gov. The offering was made
only by means of a prospectus, copies of which may be obtained, when available, from: Spartan Capital Securities, LLC, 45 Broadway, New
York, NY 10006, or by telephone at (212) 293-0123.
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.
About Inspire Veterinary Partners, Inc.
Inspire Veterinary Partners is an owner/operator of veterinary
hospitals in the US. As the Company expands, it expects to acquire additional veterinary hospitals, including general practice, mixed
animal facilities, and critical and emergency care.
For more information, please
visit: www.inspirevet.com.
Connect with Inspire Veterinary Partners, Inc.
Facebook
https://www.facebook.com/InspireVeterinaryPartners/
LinkedIn
https://www.linkedin.com/company/inspire-veterinary-partners/
Forward-Looking Statements
This
press release contains forward-looking statements regarding the Company’s current expectations. These statements are not guarantees
of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could
cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing
conditions related to anticipated acquisitions, or factors that result in changes to the Company's anticipated results of operations
related to acquisitions. These and other risks and uncertainties are described more fully in the section captioned “Risk Factors”
in the Company’s Registration Statements on Form S-1 filed with the SEC. Forward-looking statements contained in this announcement
are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact
TraDigital IR
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com
General Inquires
Morgan Wood
Mwood@inspirevet.com
Source: Inspire Veterinary Partners, Inc.
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