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Stock impact report

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

Professional Diversity Network, Inc. (IPDN) 
US:NASDAQ Investor Relations: investor.prodivnet.com
Company Research Source: GlobeNewswire
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 placement, the Company also agreed to issue to the same investor series A common stock purchase warrants (the “Series A Warrants”) to purchase up to 2,500,000 shares of common stock and series B common stock purchase warrants (the “Series B Warrants”) to purchase up to 2,500,000 shares of common stock (the Series A Warrants together with the Series B Warrants, the “Common War Show less Read more
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