Inspire Veterinary Partners Announces Closing of $6 Million Public Offering

VIRGINIA BEACH, VA / ACCESSWIRE / July 10, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services across the U.S., has announced the closing of its public offering of 6,000,000 units at $1.00 per unit. Each unit consists of either one share of the Company's Class A common stock or one pre-funded warrant to purchase one share of Class A common stock, and one additional warrant to purchase one share of Class A common stock.

The company raised approximately $6.0 million in gross proceeds. The funds will be used for working capital, general corporate purposes, marketing and advertising, strategic investments, and potential future acquisitions. Spartan Capital Securities LLC acted as the sole placement agent for the offering.

The offering was conducted under the Company's amended registration statement on Form S-1, declared effective by the SEC on July 2, 2024. Copies of the prospectus can be accessed on the SEC's website or through Spartan Capital Securities LLC.