iSpecimen raises $5.5M via Series C Convertible Preferred Stock at $800/share

iSpecimen Inc.

Issued 6,875 shares of Series C Convertible Non-Voting Preferred at $800/share for $5.5M aggregate.
Conversion price set at 85% of prior day's closing price, floor at $0.0681 per share.
Shares are senior to common on liquidation and carry no voting rights; registration rights granted.
E.F. Hutton acted as exclusive placement agent; lock-up agreements with officers/directors for 180 days.

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