Professional Diversity Network, Inc. (IPDN): Nasdaq/NYSE listing notice — IPDN receives Nasdaq delisting notice for bid price non-compliance; plans appeal by Jan 16

Professional Diversity Network, Inc.

Nasdaq determined IPDN not eligible for additional 180-day cure period under equity or alternative standards.
Delisting of common stock scheduled for Jan 21, 2025 unless appeal filed by Jan 16; company intends to appeal.
Appeal will stay delisting pending Nasdaq Hearings Panel decision; no assurance of favorable outcome.
IPDN previously disclosed bid price non-compliance in June 2024; bid remained below $1.00 for 30+ consecutive days.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Professional Diversity Network, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 9, 2025, the Company received a letter from Nasdaq informing the Company that the Nasdaq Staff has determined that the Company had not regained compliance with Rule 5550(a)(2), stating that the Company did not sa

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Professional Diversity Network, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 9, 2025, the Company received a letter from Nasdaq informing the Company that the Nasdaq Staff has determined that the Company had not regained compliance with Rule 5550(a)(2), stating that the Company did not satisfy the initial listing requirements for The Nasdaq Capital Market under the equity standard or alternative standards and was consequently not eligible for an additional 180-day remediation period. Accordingly, unless the Company requests an appeal of this determination by January 16, 2025, Nasdaq has determined that the Company’s securities will be scheduled for delisting fr

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-000860

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