8-K
filed April 4, 2024, 7:59 PM ET
ticker IVPR
CIK 0001939365
debt
confidence high
sentiment negative
materiality 0.60
Inspire Veterinary issues $500K in senior notes with 15-30% OID; amends Series A preferred floor to $0.01
INSPIRE VETERINARY PARTNERS, INC.
- Two Increasing OID Senior Notes issued, each $250,000 aggregate principal, total $500,000.
- OID escalates: 15% if repaid in 45 days, 20% by 90 days, 30% thereafter; no prepayment penalty.
- Notes convertible at $0.03 per share; default conversion at lower of fixed price or 20% discount to 3-day VWAP.
- Notes must be repaid from any future capital raises; default triggers 20% face value increase.
- Series A preferred stock floor price lowered to $0.01 via amendment filed with Nevada Secretary of State.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
INSPIRE VETERINARY PARTNERS, INC.: Lowered the floor price of the Series A preferred stock to $0.01 via a Certificate of Amendment to the Certificate of Designation (effective 2024-04-04).
- Change
- charter amendment
- Effective
- 2024-04-04
Exact text from the filing
The Company filed a second Certificate of Amendment to the Certificate of Designation of its Series A preferred stock with the Nevada Secretary of State (the “Amendment”). Pursuant to the Amendment, the floor price of the Company’s Series A preferred stock was lowered to $0.01.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
INSPIRE VETERINARY PARTNERS, INC. entered into Purchase Agreement with certain investors valued at each for $250,000 (effective 2024-03-28).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain investors
- Value
- each for $250,000
- Effective
- 2024-03-28
Exact text from the filing
On March 28, Inspire Veterinary Partners, Inc. (the “Company”) entered into a securities purchase agreement (each a “Purchase Agreement”) with certain investors.
View on SEC.gov
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