INSPIRE VETERINARY PARTNERS, INC. (IVPR): M&A transaction — Inspire Veterinary completes acquisition of Valley Veterinary Service in PA for ~$2M total consideration

INSPIRE VETERINARY PARTNERS, INC.

Acquired Valley Veterinary Service animal hospital for $1.4M ($1M cash + 408,163 restricted shares), plus $590K cash for real estate.
Valley Veterinary had 2022 gross revenues over $1.7M; adds 14th location and first entry into Pennsylvania.
Restricted shares issued in a private placement exempt under Rule 506(b); no proceeds from the stock issuance.
Amended Series A Preferred Stock certificate: authorized shares increased to 2,000,000, conversion price floor set at $0.50.
Company states active pipeline of attractive potential acquisitions remains.

item 2.01 item 3.02 item 3.03 item 5.03 item 5.07 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INSPIRE VETERINARY PARTNERS, INC.: Increased Series A Preferred Stock authorized shares to 2,000,000 and modified conversion price to no less than $0.50 per share (effective 2023-11-07).

Change: charter amendment
Effective: 2023-11-07

Exact text from the filing

On November 7, 2023, Inspire Veterinary Partners, Inc. (the “Company”) amended its articles of incorporation by the filing with the Secretary of State of the State of Nevada an amendment (the “Series A COD Amendment”) to the certificate of designation for the Company’s Series A preferred stock (the “Series A Preferred Stock”).

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INSPIRE VETERINARY PARTNERS, INC. completed an acquisition involving Michelle Bartus, VMD and Peter Nelson, VMD (the Owners) for aggregate purchase price of $590,000 (closed 2023-11-08).

Action: acquisition
Counterparty: Michelle Bartus, VMD and Peter Nelson, VMD (the Owners)
Consideration: aggregate purchase price of $590,000
Closing: 2023-11-08

Exact text from the filing

improvements, structures and fixtures, and all intangible property owned by the Owners in connection with the land or improvements, if any, for an aggregate purchase price of $590,000, payable in cash. The foregoing description of the Real Estate Asset Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

INSPIRE VETERINARY PARTNERS, INC. completed an acquisition involving Valley Veterinary Service, Inc. for aggregate purchase consideration of $1,400,000 plus assumed liabilities, consisting of $1,000,000 in cash and 408,163 restricted shares of Class A common stock (closed 2023-11-08).

Action: acquisition
Counterparty: Valley Veterinary Service, Inc.
Consideration: aggregate purchase consideration of $1,400,000 plus assumed liabilities, consisting of $1,000,000 in cash and 408,163 restricted shares of Class A common stock
Closing: 2023-11-08

Exact text from the filing

completed the acquisition of Valley Veterinary Services animal hospital. The aggregate purchase consideration for the Valley Veterinary Services animal hospital practice was $1,400,000 plus the assumed liabilities described below, consisting of $1,000,000 to be paid in cash at the closing of the acquisition plus 408,163 restricted shares of the Company’s Class A

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23 governance changes filed in the last 30 days. Browse all governance changes →

INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001575872-23-001713

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.