Delisting risk is high given the equity shortfall and lack of alternative compliance paths. Monitor for the company's compliance plan submission within 45 days and any subsequent capital raise or reverse split announcement. A failure to regain compliance would severely reduce liquidity and institutional ownership.
Price Chart
Executive Summary
iSpecimen Inc. received a Nasdaq delisting notice on May 29, 2026, for failing to meet the minimum $2.5M stockholders' equity requirement under Listing Rule 5550(b)(1). As of its March 31, 2026 10-Q, the company reported stockholders' equity of only $814,038, and Nasdaq determined it does not meet any alternative continued listing standard. The company has 45 days to submit a compliance plan; if accepted, it may receive up to 180 days to regain compliance, but failure risks delisting from the Nasdaq Capital Market.
Key Facts
- Nasdaq notified iSpecimen on May 29, 2026, of non-compliance with Listing Rule 5550(b)(1) requiring minimum $2.5M stockholders' equity.
- Stockholders' equity was $814,038 as of March 31, 2026, per the company's 10-Q.
- Nasdaq noted the company does not meet alternative equity, market value of listed securities, or net income standards.
- Company has 45 calendar days to submit a compliance plan; if accepted, up to 180-day extension possible.
- No immediate effect on trading; stock continues on Nasdaq under symbol ISPC.
- If plan is not accepted, company may appeal to a Nasdaq Hearings Panel.
Financial Impact
Stockholders' equity of $814,038 is far below the $2.5M minimum requirement; market cap is $5M, indicating severe financial distress.
Risk Factors
- Failure to regain compliance within the 180-day extension period would result in delisting from Nasdaq.
- Limited equity base ($814K) makes regaining compliance without a dilutive capital raise difficult.
- Delisting would likely trigger a sharp decline in liquidity and institutional ownership, pressuring the stock further.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-063575 |
| Document: 0001213900-26-063575-index-headers.html | 0001213900-26-063575 |
| Document: 0001213900-26-063575-index.html | 0001213900-26-063575 |
| Document: 0001213900-26-063575.txt | 0001213900-26-063575 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | 8-K | $1.47 | awaiting T+60 | — | $0.8599 (+41.50%) |
Sep 4, 2026 7w ago | 8-K | $1.59 | awaiting T+60 | — | $0.8599 (−45.92%) |
Aug 14, 2026 10w ago | 8-K | $2.15 | awaiting T+60 | — | $0.8599 (+60.00%) |
Aug 7, 2026 11w ago | 8-K | $2.24 | awaiting T+60 | — | $0.8599 (+61.61%) |
Aug 7, 2026 11w ago | 424B4 | $2.22 | awaiting T+60 | — | $0.8599 (+61.27%) |
Jul 31, 2026 12w ago | EFFECT | $1.89 $0.8398 | ▲ +55.57% | ▲ +58.02% | $0.8599 (+54.50%) |
Jul 16, 2026 14w ago | S-1/A | $2.10 $1.08 | ▲ +48.57% | ▲ +53.25% | $0.8599 (+59.05%) |
Jul 14, 2026 14w ago | 8-K | $2.23 $1.09 | ▼ −51.12% | ▼ −53.65% | $0.8599 (−61.44%) |
Jun 18, 2026 18w ago | EFFECT | $2.59 $1.47 | ▲ +43.24% | ▲ +45.14% | $0.8599 (+66.80%) |
Jun 1, 2026 21w ago | 8-K | $3.07 $1.64 | ▲ +46.58% | ▲ +47.70% | $0.8599 (+71.99%) |
US Market Status
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