Inspire Veterinary Partners Introduces 1-for-25 Reverse Stock Split

Inspire Veterinary Partners, Inc. has announced a 1-for-25 reverse stock split of its Class A common stock, effective January 27, 2025. As a result, every 25 shares will be consolidated into one share, reducing the total number of shares from approximately 37 million to about 1.5 million. This move aims to adhere to Nasdaq's $1.00 minimum bid price requirement for continued listing.

The stock will trade on a split-adjusted basis under the same ticker "IVP" on Nasdaq starting January 27, 2025, with a new CUSIP number of 45784E304. The decision, approved by the board in November 2024, did not require shareholder consent under Nevada law.

The reverse split equally impacts all stockholders and involves no fractional shares, rounding them up instead. The company aims to ensure compliance but acknowledges there is no guarantee of meeting the bid price requirement.