iSpecimen Inc. Announces Pricing of Approximately $1.75 Million Private Placement Priced At-the-Market

Core Points - iSpecimen Inc. has entered into a securities purchase agreement with accredited investors for approximately $1.75 million in gross proceeds [1][2] - The company plans to allocate $500,000 of the net proceeds for marketing and advertising services, with the remainder designated for working capital and general corporate purposes [1] - The offering will consist of 1,559,828 shares of common stock priced at $1.122 per share, expected to close around August 1, 2025 [2][3] Company Overview - iSpecimen operates an online marketplace connecting scientists with healthcare specimen providers for medical research [6] - The company utilizes proprietary, cloud-based technology to facilitate the search for biospecimens across a network of hospitals, labs, and other healthcare organizations [6]