On September 5, 2025, Professional Diversity Network, Inc. entered into a Securities Purchase Agreement with Streeterville Capital, LLC. The agreement involves the issuance and sale of the company's common stock for an aggregate purchase price of up to $20,000,000. As part of the deal, the company will issue 22,197 commitment shares and 227,500 pre-delivery shares for $2,275. The investor has the option to purchase additional shares, with the number of shares determined by dividing the purchase amount by 80% of the lowest daily volume-weighted average price over the ten trading days before the purchase notice, with a floor price of $1.608 per share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Professional Diversity Network Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-028480), on September 05, 2025, and is solely responsible for the information contained therein.