Inspire Veterinary issues $975K convertible note at 23% OID, 10% interest; director resigns

INSPIRE VETERINARY PARTNERS, INC.

Issued $975K principal secured convertible note to Manetto Hill Fund for $750K; 10% interest, matures Dec 31, 2026.
Conversion price at lesser of $0.06 or 80% of 15-day low (floor $0.01); up to 2.5M commitment shares.
Proceeds for general working capital; note secured by first-priority lien on certain veterinary clinics.
Agreement allows up to $1.626M aggregate principal; additional closings possible.
Director Timothy Watters resigned effective Jan 6, 2026; no disagreement with company.

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 up to an aggregate of $1,626,000 principal amount of convertible promissory notes with Manetto Hill Fund Series I LLC.

Instrument: convertible notes
Principal: up to an aggregate of $1,626,000 principal amount of convertible promissory notes
Counterparty: Manetto Hill Fund Series I LLC
Event: incurrence

Exact text from the filing

On January 6, 2026, effective as of December 31, 2025, Inspire Veterinary Partners, Inc. (the "Company") entered into a securities purchase agreement with Manetto Hill Fund Series I LLC, a Delaware limited liability company ("Manetto") whereby the Company may issue up to an aggregate of $1,626,000 principal amount of convertible promissory notes in one or more closings, subject to the terms and conditions set forth therein.

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

INSPIRE VETERINARY PARTNERS, INC. incurred convertible notes of $975,000 with Manetto Hill Fund Series I LLC at 10% per annum maturing December 31, 2026.

Instrument: convertible notes
Principal: $975,000
Counterparty: Manetto Hill Fund Series I LLC
Rate: 10% per annum
Maturity: December 31, 2026
Event: incurrence

Exact text from the filing

On January 6, 2026, effective as of December 31, 2025, the Company issued to a secured convertible promissory note in the principal amount of $975,000 for a purchase price of $750,000 (the "Note").

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INSPIRE VETERINARY PARTNERS, INC. entered into securities purchase agreement with Manetto Hill Fund Series I LLC valued at up to an aggregate of $1,626,000 principal amount of convertible promissory notes (effective 2026-01-06).

Action: entry
Agreement: equity purchase
Counterparty: Manetto Hill Fund Series I LLC
Value: up to an aggregate of $1,626,000 principal amount of convertible promissory notes
Effective: 2026-01-06

Exact text from the filing

On January 6, 2026, effective as of December 31, 2025, Inspire Veterinary Partners, Inc. (the “Company”) entered into a securities purchase agreement with Manetto Hill Fund Series I LLC

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-003112

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