iSpecimen Secures $1 Million Loan; Appoints Three New Board Members
iSpecimen Inc. (ISPC)
Company Research
Source: GlobeNewswire
WOBURN, Mass., Sept. 26, 2024 (GLOBE NEWSWIRE) -- iSpecimen Inc. (Nasdaq: ISPC) (“iSpecimen” or the “Company”), an online global marketplace that connects scientists requiring biospecimens for medical research with a network of healthcare specimen providers, announced today that it has secured a $1 million loan agreement and subsequently appointed three new members to its Board of Directors. On September 25, 2024, iSpecimen closed a $1 million loan agreement with a lender which carries an interest rate of 18% per annum and is payable within 12 months of issuance. The agreement obligates the lender to provide iSpecimen with a revolving line of credit of up to $1 million upon the Company's initial filing of a Registration Statement for a public offering with gross proceeds of at least $5 million. Westpark Capital, Inc. served as placement agent. As a condition for the loan, iSpecimen replaced three of five members of its Board of Directors with three new directors design
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ISPC
News
- iSpecimen Releases Cancer Biospecimen Offering; Orders Anticipated of Over $9,500,000 AnnuallyGlobeNewswire
- iSpecimen Reports Third Quarter 2024 ResultsGlobeNewswire
- iSpecimen Inc. Announces Closing of $5 Million Public Offering of Common Stock and Pre-Funded WarrantsGlobeNewswire
- iSpecimen Inc. Announces Pricing of $5 Million Public Offering of Common Stock and Pre-Funded WarrantsGlobeNewswire
- iSpecimen files to sell 1.2M shares of common stock [Seeking Alpha]Seeking Alpha
ISPC
Sec Filings
- 11/12/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 10/31/24 - Form 8-K
- ISPC's page on the SEC website