Pro Diversity Network (IPDN) Announces $2.5 Million Registered Direct Offering

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Go back to Pro Diversity Network (IPDN) Announces $2.5 Million Registered Direct Offering

Professional Diversity Network Announces $2.5 Million Registered Direct Offering

July 7, 2021 8:30 AM EDT

CHICAGO, July 07, 2021 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (Nasdaq: IPDN), today announced it has entered into definitive agreements with institutional investors for the purchase and sale of its common stock at a purchase price of $1.70 per share in a registered direct offering for gross proceeds of $2.5 million before deducting expenses. The closing of the offering is expected to occur on or about July 9, 2021, subject to the satisfaction of customary closing conditions.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No.... More