---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-077817"
form_type: "8-K"
ticker: "ISPC"
cik: "0001558569"
company_name: "iSpecimen Inc."
filed_at: "2024-07-03T23:59:59+00:00"
generated_at: "2026-05-31T23:28:54.489652+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# iSpecimen downsizes office footprint 74% with new Woburn lease, termination of Lexington lease

## Summary
- New 5-year lease for ~2,273 sq ft in Woburn, base rent $72,736/year ($6,061/month) starting Sept 1, 2024.
- Terminated Lexington lease (8,835 sq ft) effective Aug 31, 2024; paid $5,131.27 termination fee.
- Office space reduction of ~74% from 8,835 to 2,273 sq ft, signaling cost-cutting.
- Rent adjusts annually with CPI (Boston) up to 5% cap; security deposit of $12,122.
- One-time option to extend lease for an additional 5 years.

## SEC filing metadata
- accession: 0001104659-24-077817
- form_type: 8-K
- ticker: ISPC
- cik: 0001558569
- company_name: iSpecimen Inc.
- filed_at: 2024-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1558569/000110465924077817/0001104659-24-077817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1558569/000110465924077817/tm2418868d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-077817
- JSON: https://secwatch.observer/filing/0001104659-24-077817.json
- Plain text: https://secwatch.observer/filing/0001104659-24-077817.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.