Professional Diversity Network, Inc. Announces Additional Investment in QBSG Limited
Professional Diversity Network, Inc. (IPDN)
US:NASDAQ Investor Relations:
investor.prodivnet.com
Company Research
Source: GlobeNewswire
CHICAGO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (NASDAQ: IPDN) (“PDN” or the “Company”), a leader in the development and operation of online and in-person diversity talent networks, which provide access to networking, training, educational, and employment opportunities for diverse individuals, today announced that the Company, pursuant to a Profit Participation Agreement (the “Agreement”) with Koala Malta Limited, has purchased a 6% right in QBSG Limited (the “Target”, previously Koala Crypto Limited)’s distributions and dividends. The investment, which took place on December 5, 2024, involved the issuance of 1,136,363 shares of the Company’s common stock, valued at $500,000, and a cash payment of $700,000. In addition to the 9% stock purchase in the Target on September 27, 2022, PDN now owns right to receive 15% of its declared distributions and dividends. The Target is obligated to distribute dividends at least 50% of its profits as shown by
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News
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. (NASDAQ: IPDN) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Professional Diversity Network, Inc. Announces Pricing of $2 Million Registered Direct Offering and Concurrent Private Placement [Yahoo! Finance]Yahoo! Finance
IPDN
Sec Filings
- 12/13/24 - Form S-3/A
- 12/10/24 - Form 8-K
- 11/22/24 - Form 8-K
- IPDN's page on the SEC website