iSpecimen Inc. (ISPC) Form 8-K — Aug 7, 2026
iSpecimen Inc. closed a $5.0 million reasonable best efforts public offering on August 7, 2026, selling 996,231 shares of common stock and pre-funded warrants to purchase up to 2,849,923 additional shares, with E.F. Hutton & Co. acting as placement agent.
Key figures
- Gross Proceeds
- $5,000,000 (or $5,000,285 assuming full exercise of Pre-Funded Warrants), before placement agent fees and offering expenses
- Shares Offered
- 996,231 shares of common stock plus pre-funded warrants to purchase up to 2,849,923 shares
- Offering Closed
- 2026-08-07
- Lockup Covenants
- 30-day standstill on new issuances; 6-month prohibition on Variable Rate Transactions
- Placement Agent Cash Fee
- 4.0% of aggregate gross proceeds
- Registration Statement
- Form S-1, File No. 333-297001, effective 2026-07-30
- I Deal Net Roadshow Fee Cap
- $3,000
- Prefunded Warrant Shares
- 2849923
- Implied Price Per Share Derived
- approximately $1.30 ($5,000,000 / 3,846,154 total shares; derived, not stated in filing)
- Non Accountable Expense Allowance
- 1.0% of aggregate gross proceeds
- Placement Agent Legal Fee Reimbursement Cap
- $80,000
Price after filing
1 day: +15.6%7 days: +19.8%30 days: -19.8%
Close on the filing date to close N calendar days later (from $1.92). Historical, not a forecast.
AI analysis
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