Inspire Veterinary issues $357k convertible notes at 30% OID to two investors

INSPIRE VETERINARY PARTNERS, INC.

Issued two Senior Convertible Promissory Notes, each $178,571 principal, to Keystone Capital Partners and Seven Knots at 30% OID, netting $250k.
Notes bear 10% interest, mature August 5, 2026; conversion price is 90% of lowest 20-day sale price prior to conversion.
Mandatory prepayment of 25% of gross proceeds from existing Seven Knots equity line, with 120% premium.
Upon Qualified Financing (equity raise ≥$1M), notes must be repaid at 120% of original note value plus accrued interest.
Proceeds for general working capital; issued under Section 4(a)(2) exemption from registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INSPIRE VETERINARY PARTNERS, INC. incurred convertible notes of $178,571,43 with Keystone Capital Partners, LLC and Seven Knots, LLC at 10% per annum maturing August 5, 2026.

Instrument: convertible notes
Principal: $178,571,43
Counterparty: Keystone Capital Partners, LLC and Seven Knots, LLC
Rate: 10% per annum
Maturity: August 5, 2026
Event: incurrence

Exact text from the filing

On November 5, 2025, Inspire Veterinary Partners, Inc. (the “Company”) issued Senior Convertible Promissory Notes to Keystone Capital Partners, LLC and Seven Knots, LLC (the “Investors”), each in the principal amount of $178,571,43 with an original issue discount of 30% such that the purchase price of each note was $125,000 (each a “Note” and together, the “Notes”). Each Note bears interest at a rate of 10% per annum, payable monthly, and matures on August 5, 2026, unless earlier converted or repaid in accordance with its terms.

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INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-108227

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