# EDGAR Filing Document

**Accession Number:** 0001820566
**File Stem:** 0001820566-25-000176
**Filing Date:** 2025-9
**Character Count:** 11619
**Document Hash:** 4297e8f6462f2e9899c536a300a387a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001820566-25-000176.hdr.sgml**: 20250915

**ACCESSION NUMBER**: 0001820566-25-000176

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250913

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250915

**DATE AS OF CHANGE**: 20250915

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Inspirato Inc
- **CENTRAL INDEX KEY:** 0001820566
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39791
- **FILM NUMBER:** 251313347

**BUSINESS ADDRESS:**
- **STREET 1:** 1544 WAZEE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-586-7771

**MAIL ADDRESS:**
- **STREET 1:** 1544 WAZEE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Thayer Ventures Acquisition Corp
- **DATE OF NAME CHANGE:** 20200806

?xml version='1.0' encoding='ASCII'? ispo-20250913

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): September 13, 2025**

**Inspirato Incorporated**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39791** | **85-2426959** |
| **(State or other jurisdiction**<br>**of incorporation or organization)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

---

| | |
|:---|:---|
| **1544 Wazee Street**<br>**Denver, CO** | **80202** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**(303) 839-5060**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 <br> ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 <br> ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 <br> ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 <br> ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| **Class A common stock, $0.0001 par value per share** | **ISPO** | **The Nasdaq Stock Market LLC** |
| **Warrants to purchase Class A common stock** | **ISPOW** | **The Nasdaq Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.02 Termination of a Material Definitive Agreement.**

As previously disclosed, on June 25, 2025, Inspirato Incorporated ("Inspirato"), RR Merger Sub, Inc. ("Merger Sub") and Buyerlink, Inc. ("Buyerlink") entered into a Merger Agreement providing for the merger of Buyerlink with and into Merger Sub, resulting in Buyerlink becoming a subsidiary of Inspirato (the "Merger Agreement"). On September 13, 2025, the parties to the Merger Agreement agreed to enter into a Termination Agreement pursuant to which they will mutually agree to terminate the Merger Agreement pursuant to Section 6.1(a) thereof. Inspirato will not owe to Buyerlink a Termination Fee, and Buyerlink will not owe to Inspirato a Reverse Termination Fee (as those terms are defined in the Merger Agreement) as a result of such termination.

**Item 7.01 Regulation FD Disclosure.**

On September 15, 2025, the Company issued a press release announcing the termination of the Merger Agreement. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any of the Company's filings or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

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| | | | |
|:---|:---|:---|:---|
| **Exhibit** | **No.** |  | **Description** |
| 99.1 | | | <u>[Press Release of Inspirato, dated as of September 15, 2025](ispo-09152025x8kxex991.htm)</u> |
| 104 | | | Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| | | **INSPIRATO INCORPORATED** |
| Date: September 15, 2025 | By: | /s/ Brent Wadman |
|  | Name: | Brent Wadman |
|  | Title: | General Counsel |

---

## Exhibit 99.1

![image_0a.jpg](image_0a.jpg)

**Inspirato and Buyerlink Announce Mutual Decision to End Merger Agreement**

*Inspirato moves ahead on its proven independent path, focused on maximizing shareholder value while strengthening member experience, brand, and long-term growth*

**DENVER, September 15, 2025 — <u>Inspirato Incorporated</u> ("Inspirato" or the "Company") (Nasdaq: ISPO)**, the premier luxury vacation club and property technology company, and Buyerlink, a leader in building and operating online marketplaces, today announced that they have mutually agreed to terminate the <u>previously announced merger agreement</u> to combine the two companies. Inspirato will continue operating independently, with no termination fee paid by either party.

"Although we believed the proposed merger with Buyerlink would have offered meaningful benefits, we also listened carefully to the perspectives of our shareholders," said Ann Payne, Inspirato's Lead Independent Director. "After thoughtful consideration, the Board determined that the best path forward is for Inspirato to continue as an independent company. We are proud of the progress we've made, confident in the strength of our brand and member community, and fully committed to creating long-term value for our shareholders. And, as always, we will continue to evaluate other strategic alternatives as appropriate to ensure we are maximizing value for our shareholders."

The decision to remain independent reflects the strength of Inspirato's momentum and confidence in its future. Over the past year, the Company has sharpened its operations, deepened engagement with members, and reinforced its leadership position in luxury travel. This strong foundation provides the platform for continued growth as Inspirato advances its mission to deliver certainty, service, and unforgettable experiences to travelers worldwide.

"Inspirato is more than a business. It is a community of passionate travelers and a brand that our members trust and love," said Payam Zamani, Inspirato's Chairman and Chief Executive Officer. "Since I joined 14 months ago, we have made tremendous strides together: enhancing the member experience, streamlining operations, and building a stronger foundation for growth. Our vision is clear: to continue elevating Inspirato into one of the world's most indispensable luxury travel brands. We are excited about the future, confident in our progress, and deeply grateful to our members, employees, and shareholders who inspire everything we do."

Inspirato and Buyerlink expressed appreciation for the collaboration and efforts of both teams throughout the process and extended best wishes for each other's continued success.

**About Inspirato**

Inspirato (NASDAQ: ISPO) is a luxury vacation club and a property technology company that provides access to a portfolio of curated vacation options, delivered through an innovative model designed to ensure the service, certainty, and value that discerning travelers 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 Buyerlink**

Buyerlink is a leading marketing technology platform for generating consumer demand at scale. The company specializes in building and operating online marketplaces across high-value verticals. Through its proprietary patented technology, Buyerlink connects millions of consumers with in-market service providers in real time. Buyerlink's headquarters are located in Walnut Creek, California.

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![image_0a.jpg](image_0a.jpg)

**Forward-Looking Statements** 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements generally relate to future events, the Company's future financial or operating performance or its potential strategic alternatives. In some cases, you can identify forward-looking statements because they contain words such as "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "forecast," "plan," "intend," "target," or the negative of these words or other similar expressions that concern the Company's expectations, strategy, priorities, plans, or intentions. Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the risk that the Company's consideration of potential strategic alternatives will not result in a successful transaction or strategic direction and other risks detailed in the Company's filings with the Securities and Exchange Commission. All information provided in this release is as of the date hereof, and the Company undertakes no duty to update this information unless required by law. These forward-looking statements should not be relied upon as representing the Company's assessment as of any date subsequent to the date of this release.

Contacts: <br> Investor Relations<br><u>ir@inspirato.com</u> Media Relations<br><u>communications@inspirato.com</u>

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