ISPC will issue 488,281 common shares to accredited investors to fund operations, with ownership limits for certain buyers.
iSpecimen (ISPC) has priced a private placement to raise approximately $2.5 million before expenses. The company will sell 488,281 shares of common stock at $5.12 each to accredited investors.
The offering follows standard private placement terms, with certain purchasers subject to a 4.99% ownership cap unless they opt out. Proceeds are expected to support operational needs.
No immediate market reaction was disclosed in the announcement.