iSpecimen Announces Reverse Stock Split for Compliance and Appeal

The latest update is out from iSpecimen ( (ISPC) ).

iSpecimen Inc. has announced a 1-for-20 reverse stock split effective after market close on September 13, 2024, which will see trading on a split-adjusted basis starting September 16, 2024. This strategic move, approved by both stockholders and the Board, aims to raise the stock’s per-share price and ensure compliance with Nasdaq’s minimum bid price requirement, potentially attracting more institutional investors. The reverse stock split will proportionately adjust outstanding stock options, warrants, and restricted stock units, while fractions of shares will be rounded up to whole shares.

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