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Dec 31, 2025 4:00 AM

iSpecimen Inc (ISPC) Stock Surged 42% After-Hours: Here's The News Behind The Move

iSpecimen Inc. (NASDAQ:ISPC) shares jumped 42.36% in after-hours trading on Tuesday, reaching $0.42.

Check out the current price of ISPC stock here.

The biospecimen marketplace operator announced a $5.5 million private placement with accredited investors.

Financing Structure Details

iSpecimen will issue 6,875 shares of Series C Convertible Preferred Stock at $800 per share, according to a Tuesday press release.

Each preferred share has a $1,000 stated value and converts into common stock at 85% of the closing price on the day before conversion.

Capital Allocation Plans

The Massachusetts-based company plans to deploy net proceeds toward marketing initiatives, working capital requirements, and general corporate purposes.

E.F. Hutton & Co. is serving as the exclusive placement agent for ...