CORRECTION: Inspire Veterinary Partners Announces 1-for-100 Reverse Stock Split

(This release updates the release that posted on May 6, 2024 to correct the total number of shares of Common Stock and the date the Company's board approved the reverse stock split)

VIRGINIA BEACH, VA / ACCESSWIRE / May 7, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced its press release issued under the headline "Inspire Veterinary Partners Announces 1-for-100 Reverse Stock Split" on May 6, 2024, was changed to correct the total number of shares of Common Stock authorized for issuance as 100,000,000 shares. Additionally, the date the Company's board of directors approved a reverse stock split has been corrected to April 15, 2024. The corrected press release is set forth in its entirety below.

Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that it will effect a 1-for-100 reverse stock split ("Reverse Stock Split") of its authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share ("Common Stock"). The Reverse Stock Split will become effective at 12:01am, Eastern Time, on May 8, 2024. At such time, each 100 shares of issued and outstanding Common Stock will automatically be reclassified into one new share of Common Stock. The total number of shares of Common Stock authorized for issuance will then be reduced by a corresponding proportion from 100,000,000 shares to 1,000,000 shares. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up. The Reverse Stock Split will affect all common stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity.

Inspire's Common Stock will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the existing symbol "IVP" and will begin trading on a split-adjusted basis when the market opens on May 8, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 45784E 205.

The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement in order to maintain its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.