iSpecimen Raises $400,000 in Private Placement of Convertible Preferred Stock

• iSpecimen raised $400,000 through a private placement of 500 Series D Convertible Preferred Stock shares that closed around November 6, 2026.
• Shares sold for $800 each, carry a $1,000 stated value and accrue cumulative dividends at 8% annually.
• The conversion price is the greater of 85% of the previous trading day's common stock closing price or $0.1616.
• Common stock issuances from conversions and dividends are capped at 1,157,223 shares pending stockholder approval.
• Net proceeds will fund working capital and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iSpecimen Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-117610), on November 09, 2026, and is solely responsible for the information contained therein.