Form 424B5 - Prospectus [Rule 424(b)(5)]
01 October 2024 - 6:20AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(5)
Registration
Statement No. 333-281880
PROSPECTUS SUPPLEMENT
(to Prospectus dated September 19, 2024)
INSPIRATO INCORPORATED
Up to $17,582,393
Class A Common Stock
This
prospectus supplement updates and amends certain information contained in the prospectus supplement, dated September 24, 2024 (the
“Original Prospectus Supplement”), to the prospectus, dated September 19, 2024 (together with the Original Prospectus
Supplement, the “Prospectus”), relating to the offer and sale of shares of our Class A common stock, par value
$0.0001 per share (“Class A Common Stock”), from time to time through or to Northland Securities, Inc.
(“Northland”), acting as sales agent or principal, in “at the market” offerings as defined in Rule 415
under the Securities Act of 1933, as amended, pursuant to our Equity Distribution Agreement with Northland, dated as of September 24,
2024 (the “Sales Agreement”).
This prospectus supplement
should be read in conjunction with the Prospectus and is qualified by reference to the Prospectus, except to the extent that the information
presented herein supersedes the information contained in the Prospectus. This prospectus supplement is not complete without, and may only
be delivered or used in connection with, the Prospectus, including any amendments or supplements thereto.
Our
Class A Common Stock is listed on the Nasdaq Global Market LLC (“Nasdaq”) under the symbols “ISPO.”
On September 27, 2024, the last reported sale price of our Class A Common Stock on Nasdaq was $4.01 per share.
Under
the Original Prospectus Supplement, we initially registered shares of our Class A Common Stock having an aggregate offering price
of up to $10,671,158 for offer and sale pursuant to the Sales Agreement. From September 24, 2024 through the date of this prospectus
supplement, we have not sold any shares of Class A Common Stock under the Original Prospectus Supplement. As of the date of
this prospectus supplement, we are increasing the amount of Class A Common Stock that we are offering pursuant to the Sales Agreement,
such that we are offering shares of our Class A Common Stock having an aggregate offering price of up to $17,582,393 for sale under
the Sales Agreement from and after the date hereof.
As
of September 30, 2024, the aggregate market value of our Class A Common Stock held by our non-affiliates pursuant to General
Instruction I.B.6 of Form S-3, or public float, was $52,747,178, based on 6,832,536 shares of Class A Common Stock held
by non-affiliates as of such date and a price of $7.72 per share, which was the last reported sale price of our Class A Common Stock
on Nasdaq on August 1, 2024. We have not sold any securities pursuant to General Instruction I.B.6 of Form S-3 during the prior
12-calendar-month period. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities in a registered
offering pursuant to this prospectus supplement with a value exceeding more than one-third of our public float in any 12-calendar-month
period so long as our public float remains below $75.0 million.
Investing in our Class A
Common Stock involves risks. Carefully consider the risks described under the caption “Risk Factors” in the documents
we incorporate by reference into this prospectus supplement and the accompanying base prospectus to read about important facts you should
consider before buying our Class A Common Stock.
Neither the Securities
and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy
of this prospectus supplement or the accompanying base prospectus. Any representation to the contrary is a criminal offense.
Northland
Capital Markets
The date of this prospectus supplement is September 30,
2024.
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