Financing ·
Professional Diversity Network agrees to sell 146,713 shares at $1.704 for ~$250K in private placement
IPDNProfessional Diversity Network, Inc.
On October 16, 2026, Professional Diversity Network entered into Securities Purchase Agreements with three individual purchasers to issue and sell an aggregate of 146,713 shares of common stock. The shares were sold at a purchase price of $1.704 per share, generating gross proceeds of approximately $250,000. This price represents a 60% discount to the company's closing stock price of $2.84 on October 14, 2026. The shares are being issued as restricted securities under Section 4(a)(2) of the Securities Act and Regulation D. The transaction is expected to close around November 3, 2026, subject to customary closing conditions, including Nasdaq review. Professional Diversity Network operates in the professional networking industry.