iSpecimen ex-CIO files arbitration claim for $586,800; company defends

iSpecimen Inc.

Benjamin Bielak, former CIO, resigned July 14, 2024, and filed arbitration claim for unpaid bonuses/severance totaling $586,800 plus fees/interest.
Company believes claim without merit and intends to vigorously defend; no arbitrator selected yet.
Nasdaq notified iSpecimen on Oct 1, 2024 that it regained compliance with $1 minimum bid price after extended period.
Compliance restored after closing bid price above $1 from Sept 16-30, 2024.

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