iSpecimen Inc. Announces Pricing of $5 Million Public Offering of Common Stock and Pre-Funded Warrants

Core Points - iSpecimen Inc. announced a public offering of approximately $5 million of common stock at a price of$3.00 per share [1] - The proceeds from the offering will be used for debt repayment, potential acquisitions, investments in businesses, products, technologies, and marketing services [1] - The offering is expected to close on October 31, 2024, subject to customary closing conditions [3] Company Overview - iSpecimen operates an online marketplace connecting scientists with healthcare specimen providers for medical research [5] - The company utilizes proprietary, cloud-based technology to facilitate the search for biospecimens across a network of hospitals, labs, biobanks, and blood centers [5]