Inspirato Chairman & CEO Payam Zamani Significantly Increases Ownership
December 19 2024 - 9:00AM
Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ:
ISPO), the premier members-only luxury vacation club, today
announced increased ownership by Chairman and CEO Payam Zamani.
The investment was made both directly by Zamani, as well as his
fully owned investment firm One Planet Group, further demonstrating
his strong commitment to Inspirato, the future of the Company, and
its position within the luxury club and vacation market.
Zamani’s recent increased investment consisted of the following
transactions, equating to a total of approximately one million
shares:
- Exercised investment option to
acquire an additional $2.5 million shares.
- Converted $600,000 cash owed to One
Planet Group into additional shares at market price.
- Invested approximately $350,000 to
acquire 100,000 shares through open market purchases.
Including warrants, Zamani and One Planet Group now own
approximately 8.2 million shares equating to approximately 50% of
Inspirato’s fully diluted shares outstanding.
"I love Inspirato and its business model. Luxury vacation
experiences represent significant opportunities for a long time to
come,” said Payam Zamani, Chairman and CEO of Inspirato. “Inspirato
has a best-in-class management team, and it is well positioned to
deliver on its promise as a member only highly coveted vacation
club.”
Zamani’s increased investment underscores a clear vision for
Inspirato’s long-term value creation and commitment to delivering
sustainable results. Since taking over leadership as Chairman and
CEO in August 2024, the Company has invested in overall operational
efficiencies and executed on an annualized cost savings plan of $40
million, an increase of $15 million from its original plan,
positioning the Company for profitability in 2025.
For more information about Inspirato, visit
www.inspirato.com.
About Inspirato
Inspirato (NASDAQ: ISPO) is a members-only luxury vacation club
that provides exclusive access to a portfolio of curated vacation
options, delivered through an innovative model designed to ensure
the service, certainty, and value that discerning customers demand.
The Inspirato portfolio includes exclusive luxury vacation homes,
accommodations at five-star hotel and resort partners, and custom
travel experiences. For more information, visit www.inspirato.com
and follow @inspirato on Instagram, Facebook, X, and LinkedIn.
About One Planet Group
One Planet Group is a closely held private equity firm that owns
a suite of technology and media businesses while also investing in
early-stage companies. Owned and operated businesses span a variety
of industries including ad tech, publishing, and media. One Planet
Group’s mission is to support strong business ideas while building
an ethos that helps improve society and give back to
communities. The company’s investment portfolio includes a
diverse group of innovative tech-enabled products and solutions.
Investing primarily in high-growth early-stage entities,
emphasizing companies that aspire to ‘Innovation + Intention.’ One
Planet Group was founded by tech entrepreneur Payam Zamani in 2015.
With offices and employees in over ten countries, its global
headquarters is in Walnut Creek, California. For more information,
visit www.oneplanetgroup.com.
Contacts:
Investor Relations:
ir@inspirato.com
Media Relations:
communications@inspirato.com
Inspirato (NASDAQ:ISPO)
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