other_material
confidence high
sentiment neutral
materiality 0.65
iSpecimen effectuates 1-for-40 reverse stock split to regain Nasdaq compliance
iSpecimen Inc.
- Reverse stock split effective 4:30 p.m. ET on April 27, 2026; trading on split-adjusted basis began April 28.
- Shares outstanding reduced from 52,639,796 to approximately 1,316,032; no fractional shares issued (rounded up).
- Board also ratified prior 1:20 reverse split (Sept 2024) via Certificate of Validation under Delaware law.
- CUSIP changed to 45032V306; symbol remains ISPC on Nasdaq Capital Market.
- Split intended to increase per-share price to attract institutional investors and meet minimum bid listing requirement.
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