iSpecimen Inc. (ISPC) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ISPC currently has 9.77M outstanding shares. with significant dilution risk as 13.8M authorized shares could dilute existing holders by 141.3%. The company has significantly diluted shareholders by 398.66% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Oct 23, 2025 |
S-3 filing: iSpecimen Inc. is filing a shelf registration statement on Form S-3 to offer various securities, including common stock, preferred stock, debt securities, warrants, rights, and units, for total gross proceeds up to $100,000,000. |
9.8M | 14M |
| Oct 06, 2025 |
S-1/A filing: This S-1/A filing registers for resale 1,559,828 shares of iSpecimen Inc.'s common stock, including shares issuable upon exercise of pre-funded warrants, held by selling stockholders from a previous private placement. |
8.2M | 14M |
| Sep 08, 2025 |
S-1/A filing: This is an S-1/A filing for iSpecimen Inc. registering for resale 1,559,828 shares of common stock, including 267,379 shares held by selling stockholders and 1,292,449 shares issuable upon exercise of pre-funded warrants, all from a previous private placement. |
8.2M | 14M |
| Aug 20, 2025 |
S-1 filing: This S-1 filing is for the offer and resale of up to 1,559,828 shares of iSpecimen, Inc. common stock held by selling stockholders, including shares and warrant shares issuable upon exercise of pre-funded warrants. |
8.2M | 14M |
| Aug 14, 2025 |
10-Q filing | 5.5M shares outstanding |
5.5M | 12M |
| Aug 05, 2025 |
8-K filing: iSpecimen Inc. entered into a Securities Purchase Agreement with accredited investors, issuing 1,559,828 shares of common stock (or pre-funded warrants) at $1.122 per share, raising approximately $1.75 million in gross proceeds. ($1.75M proceeds) |
2.5M | 12M |
| Jul 08, 2025 |
S-1/A filing: iSpecimen, Inc. is offering up to 4,040,404 shares of common stock and pre-funded warrants to purchase common stock, with an assumed public offering price of $0.99 per share. |
2.5M | 12M |
| Jun 27, 2025 |
S-1/A filing: iSpecimen Inc. is offering shares of common stock and pre-funded warrants to purchase common stock, with the offering being underwritten by WestPark Capital, Inc. |
2.5M | 2.5M |
| Jun 11, 2025 |
S-1/A filing: iSpecimen Inc. is offering shares of its common stock and pre-funded warrants in a combination offering underwritten by WestPark Capital, Inc. |
2.5M | 2.5M |
| May 23, 2025 |
S-1/A filing: iSpecimen Inc. is offering common stock and pre-funded warrants, with the offering being underwritten by WestPark Capital, Inc. |
2.5M | 2.5M |
| May 19, 2025 |
10-Q filing | 2.3M shares outstanding |
2.3M | 2.5M |
| May 02, 2025 |
S-1 filing: This S-1 filing is for an offering of common stock and/or pre-funded warrants with WestPark Capital, Inc. as the underwriter, seeking to raise up to $3,000,000, with the intention of using the proceeds for marketing and advertising services, funding an initial milestone payment for SalesStack technology, and for general corporate purposes. |
2.5M | 2.5M |
| Apr 14, 2025 |
10-K filing | 2.5M shares outstanding |
2.5M | 130K |
| Nov 07, 2024 |
10-Q filing | 1.0M shares outstanding |
960K | 130K |
| Oct 31, 2024 |
8-K filing: iSpecimen Inc. completed a public offering on October 31, 2024, issuing 132,814 shares of common stock and pre-funded warrants to purchase up to 1,533,852 shares at $3.00 per share, for gross proceeds of $4,998,464 before fees. ($5.0M proceeds) |
830K | 130K |
| Oct 18, 2024 |
S-1 filing: iSpecimen Inc. files an S-1 to offer up to $5,000,000 of Shares and/or Pre-Funded Warrants with the intention to use the net proceeds for the (i) repayment of outstanding debt, (ii) potential acquisitions of assets or investments in businesses, products and technologies that complement our business, (iii) $2,000,000 to IR Agency LLC for marketing and advertising services to communicate information about the Company to the financial community and (iv) the remaining amount for working capital and general corporate purposes. |
830K | 130K |
| Sep 13, 2024 |
Stock Split
8-K filing: Stock split 1-for-20 | Outstanding: 13,097,031 → 654,851 |
650K | 130K |
| Aug 06, 2024 |
10-Q filing | 13.1M shares outstanding |
13M | 2.6M |
| May 07, 2024 |
10-Q filing | 9.1M shares outstanding |
9.1M | 2.6M |
| Mar 13, 2024 |
10-K filing | 9.0M shares outstanding |
9M | 2.6M |
| Feb 15, 2024 |
8-K filing: iSpecimen Inc. entered into a Repurchase Agreement with Warrant Holders to repurchase warrants exercisable for up to 1,312,500 shares of Common Stock at a price of $0.04 per share. ($0.05M proceeds) |
9.1M | 2.6M |
| Nov 02, 2023 |
10-Q filing | 9.1M shares outstanding |
9.1M | 2.6M |
| Aug 02, 2023 |
10-Q filing | 9.0M shares outstanding |
9M | 2.6M |
| May 04, 2023 |
10-Q filing | 9.0M shares outstanding |
9M | 2.6M |
| Mar 21, 2023 |
10-K filing | 8.8M shares outstanding |
8.8M | 2.6M |
| Nov 08, 2022 |
10-Q filing | 8.9M shares outstanding |
8.9M | 2.6M |
| Oct 28, 2022 |
8-K filing: iSpecimen Inc. reports the departure of Christopher Ianelli and Jill Mullan, and new employment agreements with Tracy Curley and Benjamin Bielak, including stock option grants to Curley and Bielak and accelerated vesting of restricted stock units for Ianelli and Mullan as part of their separation agreements. |
8.8M | 2.6M |
| Aug 04, 2022 |
10-Q filing | 8.8M shares outstanding |
8.8M | 2.6M |
| Jul 29, 2022 |
S-3 filing: This S-3 filing registers 2,598,473 shares of common stock for resale by selling stockholders of iSpecimen Inc. |
8.9M | 2.6M |
| Jul 01, 2022 |
S-3 filing: iSpecimen Inc. may offer and sell from time to time, in one or more series, any one of common stock, preferred stock, secured or unsecured debt securities, warrants, rights, or units comprised of, or other combinations of, the foregoing securities, for total gross proceeds up to $100,000,000. |
8.9M | 0 |
| May 26, 2022 |
POS AM filing: This prospectus relates to the offer and resale of up to an aggregate of 3,062,499 shares of common stock of iSpecimen Inc. held by selling stockholders. |
8.8M | 0 |
| May 10, 2022 |
10-Q filing | 8.8M shares outstanding |
8.8M | 0 |
| Mar 22, 2022 |
10-K filing | 8.8M shares outstanding |
8.8M | 0 |
| Dec 02, 2021 |
8-K filing: iSpecimen Inc. closed a private placement offering of 1,749,999 shares of common stock and warrants exercisable for 1,312,500 shares, for gross proceeds of approximately $21,000,000. ($21.0M proceeds) |
7M | 0 |
| Nov 04, 2021 |
10-Q filing | 7.0M shares outstanding |
7M | 0 |
| Aug 16, 2021 |
8-K filing: iSpecimen Inc. entered into a Loan and Security Agreement with Bridge Bank for a term loan facility of up to $5,000,000, and issued a warrant to Bridge Bank to purchase up to 12,500 shares of the Company's common stock at an exercise price of $8.00 per share. |
6.9M | 0 |
| Aug 10, 2021 |
10-Q filing | 6.9M shares outstanding |
6.9M | 0 |
| Jul 01, 2021 |
8-K filing: iSpecimen Inc. consummated its initial public offering of 2,250,000 shares of its common stock at an offering price of $8.00 per Share, generating gross proceeds of $18,000,000 and the underwriters exercised their over-allotment option in full, issuing and selling an additional 337,500 Shares at $8.00, generating gross proceeds of $2,700,000. ($20.7M proceeds) |
N/A | 0 |
| Jun 22, 2021 |
8-K filing: iSpecimen Inc. consummated its initial public offering of 2,250,000 shares of common stock at $8.00 per share, generating gross proceeds of $18,000,000, and also completed the conversion of convertible notes, bridge notes, and preferred stock into common stock. ($18.0M proceeds) |
N/A | 0 |
| May 27, 2021 |
S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by ThinkEquity, a division of Fordham Financial Management, Inc. |
N/A | 0 |
| May 13, 2021 |
S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by ThinkEquity, a division of Fordham Financial Management, Inc. |
N/A | 0 |
| Apr 27, 2021 |
S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by ThinkEquity. |
N/A | 0 |
| Apr 02, 2021 |
S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by ThinkEquity, a division of Fordham Financial Management, Inc. |
N/A | 0 |
| Jan 20, 2021 |
S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by ThinkEquity, a division of Fordham Financial Management, Inc. |
N/A | 0 |