iSpecimen raises $2.5M via dilutive private placement amid going concern warning

Filed May 13, 2026 · Period ending May 8, 2026 · ~1 min read

Key Changes

• high

  Company disclosed substantial doubt about its ability to continue as a going concern and acknowledged need for additional financing beyond this $2.5M raise to fund operations.

  Exhibit 99.1 view on EDGAR →
• high

  Raised $2.5M gross by selling 85,202 shares and 403,088 pre-funded warrants (exercisable at $0.0001) at $5.12 per unit; total issuance capped at 19.99% of outstanding shares until stockholder approval obtained.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Regained Nasdaq compliance after stock bid price stayed at or above $1.00 for 10 consecutive business days (April 28–May 11), resolving November 2025 deficiency notice.

  Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule verify on EDGAR →