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confidence high
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materiality 0.65
Inspire Veterinary Partners approves 1-for-25 reverse stock split to regain Nasdaq compliance
INSPIRE VETERINARY PARTNERS, INC.
- Reverse split effective Jan 3, 2025, converting every 25 shares into 1 share.
- Authorized shares reduced from 100M to 4M; no dilutive effect on percentage ownership.
- Split aims to raise bid price above $1.00 to meet Nasdaq Listing Rule 5550(a)(2).
- Board determined ratio after reviewing outstanding share count; approved via majority stockholder consent.