iSpecimen closes USD 5 million follow-on stock, pre-funded warrant offering
ISPC•Offering closes and proceeds use
- iSpecimen closed a public offering raising about $5 million through 996,231 common shares plus pre-funded warrants for 2,849,923 shares.
- Proceeds are earmarked for repaying liabilities, potential acquisitions or investments, marketing spend, plus working capital.
- E.F. Hutton acted as exclusive placement agent for the transaction.
