Professional Diversity Network Inc. Strikes $20 Million Share Purchase Deal and Initiates $3.25 Million Stock Issuance

Reuters11-01

<a href="https://laohu8.com/S/IPDN">Professional Diversity Network</a> Inc. Strikes $20 Million Share Purchase Deal and Initiates $3.25 Million Stock Issuance

Professional Diversity Network Inc. has entered into a securities purchase agreement with Streeterville Capital, LLC, allowing for the sale of up to $20 million in common stock over two years starting September 5, 2025. As part of an initial pre-paid purchase, the company will offer up to 3,250,000 shares of common stock for up to $8,655,000. Additionally, a side letter agreement provides for the release of $1 million from the company's subsidiary deposit account upon meeting certain conditions, including the registration of at least 8,250,000 shares for future issuance to the investor.

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: 0001437749-25-032561), on October 31, 2025, and is solely responsible for the information contained therein.

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Strikes $20 Million Share Purchase Deal and Initiates $3.25 Million Stock Issuance\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Professional Diversity Network Inc. has entered into a securities purchase agreement with Streeterville Capital, LLC, allowing for the sale of up to $20 million in common stock over two years starting September 5, 2025. As part of an initial pre-paid purchase, the company will offer up to 3,250,000 shares of common stock for up to $8,655,000. 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