Current Report · Items 5.03, 8.01, 9.01 · 8-K
iSpecimen Inc.
ISPCNASDAQEQUITYCurrent
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On April 29, 2026, iSpecimen Inc. (the “Company”) filed a Fifth Amended and Restated Certificate of Incorporation (the “Restated Certificate”) with the Secretary of State of the State of Delaware, which, among other things, effectuated a reverse stock split of the Company’s issued and outstanding shares of common s…
Filed May 1, 2026Accepted May 1, 2026, 5:00 PM EDTCIK 1558569Accession 0001213900-26-051013
Company context
iSpecimen is a technology-driven company founded to address a critical challenge: how to connect life science researchers who need human biofluids, tissues, and living cells (“biospecimens”) for their research, with the billions of biospecimens available (but not easily accessible) in healthcare provider organizations worldwide. Our ground-breaking iSpecimen Marketplace platform was designed to solve this problem and transform the biospecimen procurement process to accelerate medical discovery.
Current securities
Disclosure sections
Items 5.03, 8.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.
On April 29, 2026, iSpecimen Inc. (the “Company”)
filed a Fifth Amended and Restated Certificate of Incorporation (the “Restated Certificate”) with the Secretary of State of
the State of Delaware, which, among other things, effectuated a reverse stock split of the Company’s issued and outstanding shares
of common stock, par value $0.0001 per share, at a ratio of 1-for-40 (the “Reverse Stock Split”). The Reverse Stock Split
became effective at 4:30 p.m. Eastern Time on April 27, 2026, and the Company’s common stock began trading on a split-adjusted basis
on the Nasdaq Capital Market (“Nasdaq”) when the market opened on April 28, 2026. The Company’s common stock continues
to trade on Nasdaq under the symbol “ISPC.” The new CUSIP number for the Company’s common stock following the Reverse
Stock Split is 45032V306.
At the Company’s special meeting of stockholders
held on October 30, 2025 (the “Special Meeting”), the Company’s stockholders approved a proposal to amend the Company’s
Fourth Amended and Restated Certificate of Incorporation (the “Prior Certificate”) to effect a reverse stock split at a ratio
in the range of 1-for-10 to 1-for-100, with the final ratio to be determined by the Company’s Board of Directors (the “Board”),
at any time prior to the one-year anniversary of stockholder approval. On April 9, 2026, the Board approved the Reverse Stock Split at
a ratio of 1-for-40.
As a result of the Reverse Stock Split, every
40 shares of the Company’s issued and outstanding common stock, as well as all shares of common stock held by the Company in treasury,
were automatically combined into one share of common stock, without any change in the par value per share. No fractional shares were issued
in connection with the Reverse Stock Split. Any fractional share of common stock that would otherwise have resulted from the Reverse Stock
Split was rounded up to the nearest whole share. Immediately prior to the effectiveness of the Reverse Stock Split, the Company had 52,639,796
shares of common stock issued and outstanding. Following the Reverse Stock Split, the Company has approximately 1,316,032 shares of common
stock issued and outstanding.
In addition, proportionate adjustments were made
to (i) the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants
to purchase shares of common stock, (ii) the number of shares of common stock issuable upon the vesting of outstanding restricted stock
units, and (iii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans.
The Reverse Stock Split was intended to increase
the per share trading price of the Company’s common stock to better position the Company to attract certain institutional and other
investors and to regain compliance with the minimum bid price requirement for continued listing of the Company’s common stock on
Nasdaq.
In connection with the adoption of the Restated
Certificate, the Board also ratified, pursuant to Section 204 of the General Corporation Law of the State of Delaware, as a defective
corporate act, the Company’s prior one-for-twenty (1:20) reverse stock split effected on September 13, 2024, for which a certificate
of amendment to the Prior Certificate was not filed with the Secretary of State of the State of Delaware at the time of effectiveness.
On April 29, 2026, the Company submitted a Certificate of Validation (the “Certificate of Validation”) with the Secretary of State
of the State of Delaware to validate such prior reverse stock split in accordance with Section 204 of the General Corporation Law of the
State of Delaware. The Restated Certificate restates and integrates in their entirety the provisions of the Prior Certificate, as amended,
including the effects of both the prior 1:20 reverse stock split and the current 1:40 Reverse Stock Split.
Broadridge Corporate Issuer Solutions, LLC, the
Company’s transfer agent, is acting as the exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split
shares of common stock electronically in book-entry form are not required to take any action to receive post-split shares.
The foregoing descriptions of the Restated Certificate
and the Certificate of Validation are qualified in their entirety by reference to the full text of the Restated Certificate and the Certificate
of Validation, copies of which are filed as Exhibits 3.1 and 3.2 hereto, respectively, and are incorporated herein by reference.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On April 24, 2026, the Company issued a press
release announcing the Reverse Stock Split. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by
reference.
Filed exhibits (1)
EX-99.1 (by filename) ea028825801ex99-1.htmEX-99.1
4
ea028825801ex99-1.htm
PRESS RELEASE DATED APRIL 24, 2026
Exhibit 99.1
iSpecimen
Announces 1-for-40 Reverse Stock Split
WOBURN, Mass., April 24, 2026 - 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 will effect
a reverse stock split of its issued and outstanding shares of common stock, par value $0.0001 per share, as well as any shares of common
stock held by the Company in treasury, at a ratio of 1-for-40. The reverse stock split will become effective at 4:30 p.m. Eastern
Time on April 27, 2026, and the Company’s common stock will begin trading on a split-adjusted basis when the market opens on April 28,
2026. The Company’s common stock will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “ISPC.”
The new CUSIP number for the Company’s common stock following the reverse stock split will be 45032V306. Immediately prior to the
effectiveness of the reverse stock split, the Company had 52,639,796 shares of common stock issued and outstanding, which will be reduc…
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