iSpecimen receives Nasdaq delisting notice for failing to meet minimum stockholders' equity requirement

iSpecimen Inc.

Received Nasdaq letter on June 4, 2025 regarding non-compliance with Listing Rule 5550(b)(1) requiring minimum $2.5M stockholders' equity.
As of March 31, 2025, stockholders' equity was $1,668,513, below the $2.5M threshold; no alternative listing criteria met.
Company has 45 days to submit a compliance plan; if accepted by Nasdaq, may receive up to 180-day extension to regain compliance.
If plan not accepted or compliance not regained, Nasdaq may delist the common stock; Company can appeal to a Hearings Panel.

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