iSpecimen Completes $4 Million Underwritten Offering
MT Newswires Live
Jul 26, 2025
iSpecimen (ISPC) said Friday it raised $4 million in gross proceeds through a previously announced underwritten public offering of 5.7 million shares at $0.70 each.
Net proceeds will be used to pay $1.5 million for marketing and advertising services from IR Agency, $1 million for the initial milestone payment under a definitive agreement with Sales Stack Solutions, and the remaining amount for working capital and general corporate needs, the company said.
Shares of iSpecimen were down nearly 3.6% in recent trading.
Price: 1.06, Change: -0.04, Percent Change: -3.64
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