{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-022561","form_type":"8-K","ticker":"IPDN","cik":"0001546296","company_name":"Professional Diversity Network, Inc.","filed_at":"2025-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.292334+00:00","generated_at":"2026-05-18T06:55:30.015240+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Professional Diversity Network issues $400K in convertible notes with 12% interest and conversion at floor of $0.47","bullets":["Entered two convertible note purchase agreements on July 7 and July 9, 2025, for aggregate proceeds of $400,000.","Notes bear 12% interest, mature in 360 days; default rate rises to 18%; unsecured and include customary events of default.","Conversion price is greater of $0.47 floor or 80% of lowest of 15-day avg close, 10-day VWAP, or 3-day VWAP for First Note; Second Note uses 15-day avg close only.","Issued to two non-affiliated accredited investors under Section 4(a)(2) and Regulation D exemption.","Proceeds used for general corporate purposes; conversion shares are restricted securities."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-022561","json":"https://secwatch.observer/filing/0001437749-25-022561.json","markdown":"https://secwatch.observer/filing/0001437749-25-022561.md","text":"https://secwatch.observer/filing/0001437749-25-022561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/0001437749-25-022561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/ipdn20250710_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:55:30.015240+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"12c7d8cdd287bf22d42f03a4ac39da29ee36acf4","claim":"Professional Diversity Network, Inc. incurred convertible notes of $250,000 with two non-affiliated accredited investors at 12% per annum maturing 360 days after the applicable purchase price payment date.","evidence_excerpt":"the Company issued and sold to the Purchasers unsecured convertible promissory notes on July 7, 2025 and July 9, 2025, in the principal amounts of $250,000 (the “First Note”) and $150,000 (the “Second Note”, and together with the First Note, the “Notes”), respectively, for aggregate gross proceeds of $400,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/0001437749-25-022561-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250,000"},{"label":"Counterparty","value":"two non-affiliated accredited investors"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"360 days after the applicable purchase price payment date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9531ba610b1f5ae08993fd8effef23d2792ae655","claim":"Professional Diversity Network, Inc. incurred convertible notes of $150,000 with two non-affiliated accredited investors at 12% per annum maturing 360 days after the applicable purchase price payment date.","evidence_excerpt":"the Company issued and sold to the Purchasers unsecured convertible promissory notes on July 7, 2025 and July 9, 2025, in the principal amounts of $250,000 (the “First Note”) and $150,000 (the “Second Note”, and together with the First Note, the “Notes”), respectively, for aggregate gross proceeds of $400,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/0001437749-25-022561-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$150,000"},{"label":"Counterparty","value":"two non-affiliated accredited investors"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"360 days after the applicable purchase price payment date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}