Inspire Veterinary Partners Secures $6 Million Through Direct Offering

Inspire Veterinary Partners, Inc. (NASDAQ: IVP) from Virginia Beach announced a securities purchase agreement worth up to $6 million. The agreement involves the issuance of 1,092,896 shares of common stock and warrants in a registered direct offering. An initial $2 million is expected upon closing, with a potential $4 million if warrants are fully exercised. The offering is scheduled to close by March 26, 2025, pending customary conditions.

D. Boral Capital is managing the placement as the exclusive agent, while The Crone Law Group, PC and Sichenzia Ross Ference Carmel LLP serve as legal counsel. The shares and warrants are offered under a registration statement approved by the SEC in October 2024. A prospectus and its supplement will be filed with the SEC once available.

This announcement does not serve as an offer or solicitation to sell securities in jurisdictions where such would be illegal. The success of the full offering depends on the exercise of warrants and stockholder approvals.