---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-105451"
form_type: "8-K"
ticker: "ISPC"
cik: "0001558569"
company_name: "iSpecimen Inc."
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:28:24.976885+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-105451
- form_type: 8-K
- ticker: ISPC
- cik: 0001558569
- company_name: iSpecimen Inc.
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1558569/000110465924105451/0001104659-24-105451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1558569/000110465924105451/tm2425411d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-105451
- JSON: https://secwatch.observer/filing/0001104659-24-105451.json
- Plain text: https://secwatch.observer/filing/0001104659-24-105451.txt

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