secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001104659-24-113112
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924113112/0001104659-24-113112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000110465924113112/tm2427232d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-113112

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