IPO - INSPIRE VETERINARY PARTNERS, INC.

Form Type: 424B5

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024111433

Filing Summary: Inspire Veterinary Partners, Inc. has filed a prospectus supplement for an At The Market Offering Agreement with H.C. Wainwright & Co., LLC to offer up to $25,000,000 of its Class A common stock. The stock is listed on the Nasdaq Capital Market under the symbol 'IVP'. The most recent sale price before this offering was $0.1870 per share. The offering allows for sales at market prices directly through Wainwright or other market makers, and the company will incur a fixed commission of 3% on the sales. The funds raised will be used for working capital, repayment of debt, and potential acquisitions, although no specific deals are currently pending. The company's market value held by non-affiliates exceeded $75 million, qualifying it for a registration statement on Form S-3, and they are not subject to certain offering limits. The document also outlines recent compliance issues with Nasdaq regarding minimum bid requirements and shareholder approval rules for previous transactions. There are various risk factors associated with this offering, including the potential for delisting from Nasdaq if compliance is not regained by June 16, 2025.

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