M&A - INSPIRE VETERINARY PARTNERS, INC.

Form Type: 8-K

Filing Date: 2025-06-10

Corporate Action: Acquisition

Type: New

Accession Number: 000121390025053038

Filing Summary: On June 5, 2025, Inspire Veterinary Partners, Inc. completed the acquisition of the Debary Animal Clinic under an asset purchase agreement. The total purchase price was $925,000, which included $832,500 in cash and 54,734 restricted shares of Class A common stock. IVP FL Holding Company, LLC, a wholly-owned subsidiary of Inspire Veterinary Partners, acquired substantially all assets of the clinic, including equipment, inventory, permits, and goodwill. Certain assets were excluded from the acquisition, such as excess cash and non-transferable medical records. The closing was contingent on the absence of legal prohibitions and required no regulatory approvals. Additionally, the company completed a real estate asset acquisition related to the clinic for $1,132,000. The stock issuance associated with the acquisition was exempt from registration under Rule 506(b) of Regulation D.