iSpecimen settles WestPark arbitration for $97,500; terminates underwriting agreements

iSpecimen Inc.

Settles WestPark arbitration for $97,500 vs $269,999.91 claim; dismissal with prejudice filed Aug 10, 2026.
Engagement agreements (Jul 31 & Oct 15, 2025) terminated in full; no tail fees or surviving provisions.
Company denies liability; settlement is not admission; $97,500 charge expected in quarter ending Sept 30, 2026.
WestPark underwrote $4.0M public offering closed July 25, 2025; no early termination penalties incurred.

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