iSpecimen prices 5.7M shares at 70c in underwritten public offering

iSpecimen (ISPC) announced the pricing of an underwritten public offering of 5,714,283 shares of its common stock at a public offering price of $0.70 per share. The aggregate gross proceeds to the Company from the Offering are expected to be approximately $4M, before deducting underwriting discounts and commissions and other estimated offering expenses. The Offering is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering to pay $1,500,000 for marketing and advertising services to be provided by IR Agency, $1,000,000 to fund the initial milestone payment under a definitive agreement with Sales Stack Solutions Corp., and the remainder for working capital and general corporate purposes. The Offering is being conducted on a firm commitment basis. WestPark Capital acted as the Sole Book-Runner in connection with the Offering.