Inspire cancels $25K debt by issuing 2.5M shares to Target Capital 1 LLC

INSPIRE VETERINARY PARTNERS, INC.

Entered Cancellation and Exchange Agreement on Jan 14, 2026 with Target Capital 1 LLC.
Cancels $25,000 principal under June 10, 2025 note in exchange for 2,500,000 Class A common shares.
Exchange price of $0.01 per share; relies on Section 3(a)(9) exemption from registration.
Filed separate exhibit (EX-10.1) reflecting a $150K/3M share swap dated Dec 18, 2025, creating inconsistency.
Transaction dilutes existing shareholders while reducing debt by $25,000.

Key facts

Extracted from this filing and checked against the source text.

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

INSPIRE VETERINARY PARTNERS, INC. entered into Cancellation and Exchange Agreement with Target Capital 1 LLC valued at $25,000 (effective 2026-01-14).

Action: entry
Agreement: equity purchase
Counterparty: Target Capital 1 LLC
Value: $25,000
Effective: 2026-01-14

Exact text from the filing

On January 14, 2026, Inspire Veterinary Partners, Inc. (the “Company”), entered into a Cancellation and Exchange Agreement, (the “Agreement”) with Target Capital 1 LLC ( “Target”). Pursuant to the Agreement, the Company and Target agreed to cancel $25,000 of the outstanding principal amount under that certain promissory note issued by the Company to Target on June 10, 2025, as amended (the “June Note”), in exchange for 2,500,000 shares of the Company’s Class A common stock, par value $0.0001 per share.

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299 material agreements filed in the last 30 days. Browse all material agreements →

INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-005532

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