Pro Diversity Network (IPDN) Prices 2.5M Share Offering at $0.80/sh

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Go back to Pro Diversity Network (IPDN) Prices 2.5M Share Offering at $0.80/sh

Professional Diversity Network, Inc. Announces Pricing of $2 Million Registered Direct Offering and Concurrent Private Placement

November 19, 2024 8:00 AM EST

CHICAGO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN), (IPDN or the Company), a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse individuals, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 2,500,000 shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.80 per share.

In a concurrent private... More