INSPIRE VETERINARY PARTNERS, INC. 8-K

What Happened

• Inspire Veterinary Partners, Inc. announced on January 14, 2026 that it entered into a Cancellation and Exchange Agreement with Target Capital 1 LLC to cancel $25,000 of outstanding principal under a promissory note dated June 10, 2025 (as amended).
• In exchange for the canceled $25,000 debt, the company issued 2,500,000 shares of its Class A common stock (par value $0.0001), using an exchange rate of $0.01 per share. The company relied on the Section 3(a)(9) exemption of the Securities Act for the transaction.

Key Details

• Counterparty: Target Capital 1 LLC.
• Date of agreement: January 14, 2026; original promissory note dated June 10, 2025.
• Debt cancelled: $25,000 of principal.
• Shares issued: 2,500,000 Class A common shares; exchange price used = $0.01/share.
• Filing notes the exchange was an unregistered sale relying on Section 3(a)(9); the full agreement is filed as Exhibit 10.1.

Why It Matters

• The transaction reduced the company’s liabilities by $25,000 and increased outstanding equity by 2,500,000 shares. For investors, this changes the company’s capital structure — lower debt but more shares outstanding — which can affect per-share metrics and ownership percentages.
• Because the issuance was completed under a securities exemption (unregistered), investors should review subsequent filings for updated share counts and any further disclosures about dilution or related impacts.