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Why is Inspirato Incorporated (ISPO) Stock down?

05 Oct, 2023:

Inspirato Incorporated (ISPO) dropped by 23.08% from $0.624 to $0.48 in the trading on Thursday October 5, 2023. The reason why ISPO stock down is due to the news on convertible note. Inspirato, the innovative luxury travel subscription brand, today announced that it has closed its $25 million senior secured convertible note to Capital One Ventures.

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