Item 3.03 Material Modification to Rights of Security Holders.

On April 15, 2024, the board of directors of Inspire Veterinary Partners, Inc. (the "Company") approved a reverse stock split of the Company's authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), at a ratio of 100-for-1 (the "Reverse Stock Split").

The Reverse Stock Split will become effective when the Company files a Certificate of Change with the Secretary of State of the State of Nevada (the "Effective Date"). On the Effective Date, every one hundred (100) shares of the Common Stock issued and outstanding or held as treasury stock will be automatically reclassified into one (1) 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 100,00,000 shares to 1,000,000 shares.

The Company is effectuating the Reverse Stock Split in order to raise the per share bid price of the Company's Common Stock above $1.00 per share and bring the Company back into compliance with Nasdaq Listing Rule 5550(a)(2). The Company will have regained compliance once the Company's Common Stock trades at or above $1.00 per share for a minimum of 10 consecutive trading days, at which time Nasdaq will provide the Company with notice that it has regained compliance.

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Inspire Veterinary Partners Inc. published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 11:11:04 UTC.