iSpecimen closes $4M public offering of common stock and pre-funded warrants

iSpecimen Inc.

Sold 5,714,283 securities (1,482,644 shares + 4,231,639 pre-funded warrants) at $0.70/share for gross $4M.
Net proceeds of ~$3.53M after underwriting discounts and offering expenses; closed July 25, 2025.
Plans to use $1.5M for marketing/advertising via IR Agency LLC and $1M for software milestone with Sales Stack Solutions.
WestPark Capital acted as sole book-runner; offering made under effective Form S-1 (File 333-286958).
Pre-funded warrants exercisable immediately at $0.0001, with 4.99% beneficial ownership limitation.

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