Inspire Veterinary Partners Inc.

10/15/2024 | Press release | Distributed by Public on 10/15/2024 11:31

Proxy Results Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, Inspire Veterinary Partners, Inc. (the "Company") closed a public offering pursuant to which an aggregate of 6,000,000 units (the "Units"), were sold at an offering price of $1.00 per Unit, each Unit consisting of either one share of the Company's Class A common stock, and one pre-funded warrant to purchase one share of the Company's Class A common stock or one warrant to purchase one share of the Company's Class A common stock (the "Warrant").

The Warrants have an exercise price of $1.00 and are exercisable for a period of six months commencing upon issuance.

On October 8, 2024, the Company and that certain holder amended the Warrant to reduce the exercise price of the holder's 2,500,000 Warrants from $1.00 to $0.20 (the "Amendment"). No other modifications were made to the Warrant and all other terms and provisions shall remain in full force and effect.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is attached hereto as Exhibit 10.26 and incorporated herein by reference.