Inspire Veterinary Partners, Inc. Class A (IVP) has released an update to notify the public and investors about an entry into a material definitive agreement.
Inspire Veterinary Partners, Inc. has engaged Spartan Capital Securities, LLC as its exclusive placement agent on a best-efforts basis for a public offering aimed at raising $4 million through common stock or pre-funded warrants. The proceeds, estimated at $3.511 million after expenses, are earmarked for working capital and acquisitions. Inspire also signed agreements with IR Agency, LLC, and Corbo Capital Inc. for consulting services, and 1173727 B.C. Ltd. for corporate communications, with fees totaling $2 million. These agreements include standard confidentiality and non-compete clauses, with the consulting firms acting as independent contractors.
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For a comprehensive understanding of the announcement, you can read the full document here.
