M&A
confidence high
sentiment neutral
materiality 0.50
PDN acquires additional 10% stake in RemoteMore for $300K in stock, raising ownership to 82.6%
Professional Diversity Network, Inc.
- Acquired 1,000,000 shares of RemoteMore for $300,000, paid via 500,000 restricted PDN shares at $0.60/share.
- PDN's ownership in RemoteMore increases from majority to approximately 82.625% of outstanding shares.
- Seller is Boris Krastev Ventures UG; deal closed on February 25, 2025, subject to standard closing conditions.
- Prior to deal, PDN held 7,262,500 shares of RemoteMore, representing a majority interest.