Professional Diversity Network agrees to sell 146,713 shares in private placement
IPDN•Professional Diversity Network agreed to sell 146,713 common shares to three individual purchasers for $1.704 per share, generating about $250,000 in gross proceeds. The closing was postponed to around November 3, 2026, subject to remaining conditions and applicable Nasdaq review.
1. Private placement details
Professional Diversity Network agreed on October 16, 2026, to sell 146,713 common shares to three individual purchasers at $1.704 per share, for aggregate gross proceeds of $249,998.952. The price represents 60% of the stock’s $2.84 closing price on October 14, 2026. Closing was postponed to around November 3, subject to remaining conditions, including necessary approvals and applicable Nasdaq review. The shares will be restricted securities, and purchasers will receive no contractual registration rights.
