secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001213900-25-072070
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iSpecimen raises $1.75M in private placement of common stock and pre-funded warrants
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- Gross proceeds ~$1.75M from 1,559,828 shares (or pre-funded warrants) at $1.122/share; closed August 4, 2025.
- $500K of net proceeds allocated to marketing/advertising services from IR Agency LLC; remainder for working capital.
- WestPark Capital acting as exclusive placement agent received 4% cash commission on gross proceeds.
- Company to file resale registration statement within 15 calendar days of closing per Registration Rights Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000121390025072070/0001213900-25-072070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000121390025072070/ea0251234-8k_ispecimen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-072070

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