iSpecimen Announces Pricing Of $5M Public Offering Of Common Stock And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
iSpecimen Inc. (NASDAQ:ISPC) announced a $5 million public offering of common stock and pre-funded warrants at $3.00 per share. The proceeds will be used for debt repayment, potential acquisitions, and working capital.
October 30, 2024 | 12:30 pm
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iSpecimen Inc. has announced a $5 million public offering of common stock and pre-funded warrants. The offering is priced at $3.00 per share, and the proceeds will be used for debt repayment, acquisitions, and working capital.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. However, the use of proceeds for debt repayment and potential acquisitions could be seen positively in the long term.
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