iSpecimen (ISPC) has released an update.
iSpecimen Inc. has struck a deal to buy back and terminate outstanding warrants from certain holders, originally issued in December 2021 at $13.00 per share for up to 1,312,500 shares of common stock. The repurchase is at a cash price of $0.04 per share issuable under the warrants. This agreement will conclude the company’s obligations related to these warrants, effectively nullifying any associated documents and future commitments linked to the securities.
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