secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001213900-25-067772
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000121390025067772/0001213900-25-067772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000121390025067772/ea0250233-8k_ispecimen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-067772

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