Financing ·
iSpecimen Inc. closed a public offering on August 7, 2026, raising approximately $5 million by selling 996,231 shares…
ISPCiSpecimen Inc.
iSpecimen Inc. closed a public offering on August 7, 2026, raising approximately $5 million by selling 996,231 shares of common stock and pre-funded warrants to purchase up to 2,849,923 additional shares at a price of $1.30 per share. The company paid E.F. Hutton & Co. a 4% placement fee plus expenses. Proceeds will be used for debt repayment, potential acquisitions, marketing, and working capital. iSpecimen operates an online marketplace connecting scientists with healthcare providers to source biospecimens for medical research.