The reverse split is a technical measure to maintain Nasdaq listing — it does not alter fundamentals. Monitor next earnings or 10-Q for any operational turnaround signals.
Price Chart
Executive Summary
iSpecimen Inc. filed a Fifth Amended and Restated Certificate of Incorporation effective April 29, 2026, effecting a 1-for-40 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The split consolidates 52,639,796 pre-split shares into approximately 1,316,032 post-split shares. The filing also ratifies a previously invalidated 1-for-20 reverse stock split from September 2024.
Key Facts
- 1-for-40 reverse stock split effective April 27, 2026, trading on split-adjusted basis from April 28, 2026
- Pre-split shares outstanding: 52,639,796; post-split: approximately 1,316,032
- Fractional shares rounded up to nearest whole share, no cash in lieu
- Proportionate adjustments to stock options, warrants, RSUs, and equity plan reserves
- Board also ratified a prior 1-for-20 reverse stock split (Sept 13, 2024) via Certificate of Validation under Section 204 of DGCL
- Reverse split intended to increase per-share price to attract institutional investors and regain Nasdaq minimum bid compliance
Financial Impact
No direct financial impact; reverse split is a capital structure change with no cash consideration. Share count reduced by 97.5%.
Risk Factors
- Reverse splits often associate with struggling companies; fundamentals remain unaddressed
- Low post-split share count (~1.3M) may exacerbate volatility and liquidity issues
- Company still faces Nasdaq minimum bid price compliance monitoring post-split
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-051013 |
| Document: ea0288258-8k_ispecimen.htm | 0001213900-26-051013 |
| Document: ea028825801ex99-1.htm | 0001213900-26-051013 |
| Document: ea028825801ex3-2.htm | 0001213900-26-051013 |
| Document: 0001213900-26-051013-index-headers.html | 0001213900-26-051013 |
| Document: 0001213900-26-051013-index.html | 0001213900-26-051013 |
| Document: 0001213900-26-051013.txt | 0001213900-26-051013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | 8-K | $1.47 | awaiting T+60 | — | $0.8400 (+42.86%) |
Sep 4, 2026 7w ago | 8-K | $1.59 | awaiting T+60 | — | $0.8400 (−47.17%) |
Aug 14, 2026 10w ago | 8-K | $2.15 | awaiting T+60 | — | $0.8400 (+60.93%) |
Aug 7, 2026 11w ago | 8-K | $2.24 | awaiting T+60 | — | $0.8400 (+62.50%) |
Aug 7, 2026 11w ago | 424B4 | $2.22 | awaiting T+60 | — | $0.8400 (+62.16%) |
Jul 31, 2026 12w ago | EFFECT | $1.89 $0.8398 | ▲ +55.57% | ▲ +58.02% | $0.8400 (+55.56%) |
Jul 16, 2026 14w ago | S-1/A | $2.10 $1.08 | ▲ +48.57% | ▲ +53.25% | $0.8400 (+60.00%) |
Jul 14, 2026 14w ago | 8-K | $2.23 $1.09 | ▼ −51.12% | ▼ −53.65% | $0.8400 (−62.33%) |
Jun 18, 2026 18w ago | EFFECT | $2.59 $1.47 | ▲ +43.24% | ▲ +45.14% | $0.8400 (+67.57%) |
Jun 1, 2026 21w ago | 8-K | $3.07 $1.64 | ▲ +46.58% | ▲ +47.70% | $0.8400 (+72.64%) |
US Market Status
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