secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098955
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iSpecimen to effect 1-for-20 reverse stock split on Sep 13, 2024
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- Reverse split ratio 1:20, effective 4:30 p.m. ET Sep 13; trading on split-adjusted basis begins Sep 16.
- Board approved ratio on Aug 19, 2024, after stockholders authorized a 1:10 to 1:20 range on Jul 19.
- Purpose: increase per-share price to attract institutional investors and maintain Nasdaq minimum bid listing.
- All outstanding options, warrants, and RSUs proportionally adjusted; fractional shares rounded up.
- Stock symbol remains ISPC on Nasdaq; new CUSIP 45032V207; Broadridge acting as exchange agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924098955/0001104659-24-098955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924098955/tm2423782d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098955

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer