iSpecimen Completes 1-for-40 Reverse Stock Split

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2026.05.01 22:29
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iSpecimen Inc. has completed a 1-for-40 reverse stock split effective April 27, 2026, reducing its outstanding shares from approximately 52.6 million to about 1.3 million. This move aims to increase the per-share trading price to attract institutional investors and comply with Nasdaq's minimum bid price rules. The reverse split was approved by shareholders on October 30, 2025, and finalized by the board on April 9, 2026. The company's current market cap is $6.88 million, and analysts rate ISPC stock as Neutral due to weak financial performance and negative momentum indicators.