Inspire Veterinary Partners, Inc. (NasdaqCM:IVP) entered into a non-binding letter of intent to acquire Substantially All of the Assets of Valley Veterinary Service, Inc. on September 21, 2023. Inspire Veterinary Partners, Inc. entered into a definitive agreement to acquire Substantially All of the Assets of Valley Veterinary Service, Inc. for $2.8 million on October 27, 2023. The aggregate purchase consideration for the Valley Veterinary Service animal hospital is $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 a number of restricted shares of the Company?s Class A common stock (the ?Class A Common Stock?) equal to the quotient obtained by dividing $400,000 by the official closing price of one share of Class A Common Stock as reported by the Nasdaq Capital Market on the trading date immediately prior to the closing. At Closing, a portion of the Purchase Price equal to Two Hundred Thousand and No/100 Dollars ($200,000.00) (the ? Holdback Amount ?) shall be deposited into an escrow account (the ? Holdback Escrow Account ?) in the name of IVP with a financial institution selected by IVP in its discretion. $80,000.00 of the Holdback Amount will be released day before the first anniversary of the Effective Date. $120,000.00 of the Holdback Amount will be released day before the second anniversary of the Effective Date. Inspire's due diligence review of the target acquisition has already commenced, and upon satisfactory completion, the Company intends to proceed towards executing a definitive acquisition agreement and closing the transaction as soon as all closing conditions are met. The letter of intent is non-binding and subject to additional diligence and other factors. The proposed acquisition is subject to customary closing conditions and is currently expected to be completed as early as the third quarter of 2023. H. Derek Hall of Rose Grasch Camenisch Mains PLLC acted as legal advisor for Inspire Veterinary Partners, Inc.

Inspire Veterinary Partners, Inc. (NasdaqCM:IVP) completed the acquisition of Substantially All of the Assets of Valley Veterinary Service, Inc. on November 8, 2023. 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 common stock (the ?Class A Common Stock?), which was equal to the quotient obtained by dividing $400,000 by the official closing price of one share of Class A Common Stock as reported by the Nasdaq Capital Market on the trading date immediately prior to the closing. Acquisition was financed by one loan provided by First Southern National Bank for $375,000 and one loan provided by Farmers National Bank of Danville for $850,000.