Financing ·
Professional Diversity Network completed a best efforts public offering on August 13, 2026, selling 7,144,000 units…
IPDNProfessional Diversity Network, Inc.
Professional Diversity Network completed a best efforts public offering on August 13, 2026, selling 7,144,000 units for gross proceeds of approximately $2 million. The transaction consisted of 1,620,000 Units priced at $0.28 per unit and 5,524,000 Pre-Funded Units priced at $0.2799 per unit. Each Unit comprises one share of common stock or a pre-funded warrant exercisable for $0.0001, plus a common warrant exercisable at $0.28 per share expiring in three years. The company paid Maxim Group LLC a 6% placement fee and agreed to pay Streeterville Capital 20% of gross proceeds as consideration for a 75-day standstill agreement. Net proceeds will fund the payment to Streeterville, working capital, and general corporate purposes. Professional Diversity Network operates in the technology sector, providing career development platforms, education technology, and AI solutions.