Spartan Capital Securities Announces Successful Closing of Inspire Veterinary Partners’ $6.0 Million Public Offering
July 09 2024 - 4:08PM
Spartan Capital Securities LLC, a premier investment banking firm,
is thrilled to announce the successful closing of Inspire
Veterinary Partners, Inc.’s public offering. The offering comprised
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, priced at $1.00 per unit. Inspire Veterinary Partners, Inc.
(“Inspire” or the “Company”) is an owner and provider of pet health
care services throughout the U.S. The shares are listed on the
Nasdaq under the ticker symbol “IVP”.
The transaction has generated gross proceeds of $6.0 million for
Inspire, prior to deductions for placement agent fees and other
related expenses. The offering is expected to close on July 9,
2024, subject to customary closing conditions.
The capital raised through this offering will be
utilized 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
acquisitions.
The offering was conducted on a firm commitment
basis, with Spartan Capital Securities LLC serving as the sole
placement agent. Sichenzia Ross Ference Carmel LLP served as
counsel for Spartan Capital Securities in connection with the
offering, while Inspire's legal counsel was The Crone Law
Group.
Kimball Carr, President and CEO of Inspire Veterinary Partners,
commented, “We are excited about the completion of this offering,
which will enable us to expand our network of veterinary hospitals
and enhance our services. We appreciate the efforts of Spartan
Capital Securities and our legal team in making this offering a
success.”
John Lowry, CEO of Spartan Capital Securities LLC, expressed his
satisfaction with the offering, stating, “We are delighted to have
completed this offering, which will support Inspire Veterinary
Partners in expanding their footprint in the pet healthcare
industry. I extend my sincere appreciation to the entire Inspire
team for their collaboration and dedication throughout this
process.”
Spartan Capital Securities LLC extends its
sincere gratitude to Inspire’s management team for their
collaboration and commitment throughout the offering process.
About Spartan Capital Securities, LLC:
Spartan Capital Securities, LLC, is a leading full-service
financial firm, providing expert investment advice to
high-net-worth individuals and institutional clients. Renowned for
its deep market knowledge, strategic risk management, and
personalized service, Spartan Capital stands as a beacon of
integrity and professionalism in the financial services industry.
For more information, please visit www.spartancapital.com.
Contact:
Spartan Capital Securities, LLC 45 Broadway, 19th FloorNew York,
NY 10006 investmentbanking@spartancapital.com