---
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"
generated_at: "2026-05-18T06:55:30.015240+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Professional Diversity Network issues $400K in convertible notes with 12% interest and conversion at floor of $0.47

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-022561
- JSON: https://secwatch.observer/filing/0001437749-25-022561.json
- Plain text: https://secwatch.observer/filing/0001437749-25-022561.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $250,000
  - Counterparty: two non-affiliated accredited investors
  - Rate: 12% per annum
  - Maturity: 360 days after the applicable purchase price payment date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/0001437749-25-022561-index.htm
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $150,000
  - Counterparty: two non-affiliated accredited investors
  - Rate: 12% per annum
  - Maturity: 360 days after the applicable purchase price payment date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1546296/000143774925022561/0001437749-25-022561-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.