12:50 PM EDT, 07/08/2024 (MT Newswires) -- Inspire Veterinary Partners ( IVP ) said Monday it has priced its public offering of about 6 million units at $1 apiece for gross proceeds of around $6 million.

Each unit consists of either one share of the company's class A common stock or one pre-funded warrant to buy one share of class A common stock and one warrant to purchase one share of class A common stock, the company said.

The offering is expected to close Tuesday, subject to customary closing conditions.

The company said it plans to use net proceeds from the offering for working capital, general corporate purposes, marketing, strategic investments and potential future acquisitions.

Shares of the company surged more than 38% in recent Monday trading.

Price: 2.06, Change: +0.57, Percent Change: +38.26