Corporate ActionJul 17, 2026, 06:07 AM
iSpecimen Announces Public Offering of Up to 2.09M Shares & Warrants
AI Summary
iSpecimen Inc. filed an amendment for a proposed public offering of up to 2,092,050 shares of common stock and an equal number of pre-funded warrants, with an assumed public offering price of $2.39 per share. This follows a May 2026 private placement that raised approximately $2.5 million gross proceeds. The company also noted two recent reverse stock splits, 1-for-20 in September 2024 and 1-for-40 in April 2026.
Key Highlights
- Proposed public offering of up to 2,092,050 common shares.
- Proposed public offering of up to 2,092,050 pre-funded warrants.
- Assumed public offering price of $2.39 per common share.
- May 2026 private placement raised $2.5 million gross proceeds.
- Private placement issued 488,281 shares/pre-funded warrants.
- Reverse stock split of 1-for-20 effected on September 13, 2024.
- Reverse stock split of 1-for-40 effected on April 27, 2026.
- Placement agent fee of 4% of gross proceeds for the offering.
Price Impact
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