secwatch.observer — SEC 8-K summary
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Issuer:     iSpecimen Inc. (ISPC)
CIK:        0001558569
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001213900-26-000496
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558569/000121390026000496/0001213900-26-000496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558569/000121390026000496/ea0271422-8k_ispecimen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-000496

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