---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038246"
form_type: "8-K"
ticker: "IPDN"
cik: "0001546296"
company_name: "Professional Diversity Network, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:35:59.902431+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Professional Diversity Network to sell 2.5M shares at $0.60 each to Aurus Vertex for $1.5M

## Summary
- Agreement with Aurus Vertex Limited for 2.5M shares at $0.60/share, a ~25% premium to Dec 18 close.
- Gross proceeds of $1.5M; closing expected Dec 23, 2024.
- Investor gets right to purchase additional 1M shares subject to stockholder approval by June 30, 2025.
- Second Closing Shares price is lesser of $0.60 or closing price on notice date.
- Sale exempt under Regulation S; investor represented as non-U.S. person.

## SEC filing metadata
- accession: 0001437749-24-038246
- form_type: 8-K
- ticker: IPDN
- cik: 0001546296
- company_name: Professional Diversity Network, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1546296/000143774924038246/0001437749-24-038246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1546296/000143774924038246/ipdn20241222_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038246
- JSON: https://secwatch.observer/filing/0001437749-24-038246.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038246.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.