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confidence high
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materiality 0.70
Inspire Veterinary Partners approves 100-for-1 reverse stock split to regain Nasdaq compliance
INSPIRE VETERINARY PARTNERS, INC.
- Board approved 100-for-1 reverse split of common stock; effective upon filing Certificate of Change with Nevada.
- Authorized shares reduced from 100,000,000 to 1,000,000; outstanding shares proportionally combined.
- Reverse split intended to raise bid price above $1.00 to meet Nasdaq Listing Rule 5550(a)(2) minimum bid price requirement.
- Company must trade at or above $1.00 for 10 consecutive trading days to regain compliance.