IPDN enters warrant exchange; issues 333,333 shares to retire 500,000 warrants

Professional Diversity Network, Inc.

Holder surrendered 500,000 warrants (exercise price $8.60) for cancellation on June 30, 2025.
Company issued 333,333 common shares to holder under Section 3(a)(9) exemption.
Warrants originated from Nov 2024 offering and were adjusted for a 10-for-1 reverse split in March 2025.
Exchange shares are unrestricted and holding period tacks to warrants for Rule 144.
Material terms disclosed via Form 8-K filed July 1, 2025.

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