iSpecimen raises ~$5M in public offering of stock and warrants; signs $2M IR agreement

iSpecimen Inc.

Offering of 132,814 common shares and pre-funded warrants for up to 1,533,852 shares at $3.00 per share, grossing $4,998,464.
Proceeds to repay debt, fund potential acquisitions, and marketing/advertising; remainder for working capital.
Entered $2M investor relations agreement with IR Agency LLC for one-month term, extendable by mutual consent.
Placement agent WestPark Capital received 4.0% cash fee plus expense reimbursement.
Offering closed on October 31, 2024; securities registered under effective Form S-1.

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