IPDN prices $2M registered direct offering and private warrants; Nasdaq compliance update

Professional Diversity Network, Inc.

Offering: 1.4M shares + 1.1M pre-funded warrants at $0.80/$0.79 for ~$2M gross proceeds.
Concurrent private placement: 2.5M Series A warrants ($0.86, 6-mo lock, 5.5yr) and 2.5M Series B warrants (24-mo).
Company believes it regained Nasdaq minimum equity compliance via offering proceeds, but staff may not view as timely.
Proceeds used for general working capital; A.G.P. placement agent with 7% fee.
Nasdaq to monitor ongoing compliance through FY2024 10-K; delisting risk remains.

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