Professional Diversity Network to effect 10-to-1 reverse stock split effective March 13, 2025

Professional Diversity Network, Inc.

Reverse split ratio set at 10-to-1; approved by holders of 52.13% of voting power.
Outstanding shares reduced from 19,322,748 to 1,933,274.
Fractional shares will be cashed out; no certificates need to be sent in.
Split-adjusted trading begins March 13; ticker IPDN and new CUSIP 74312Y400.
Split aims to maintain minimum $1.00 bid price on Nasdaq.

item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Professional Diversity Network, Inc.: Reverse stock split at 10-to-1 ratio (effective 2025-03-13).

Change: charter amendment
Effective: 2025-03-13

Exact text from the filing

On March 7, 2025, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware (the “Certificate of Amendment”), which effects the Reverse Stock Split at a ratio of 10-to-1, and such Certificate of Amendment will become effective as of 12:01 a.m. ET on March 13, 2025 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001437749-25-006670

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