IPDN amends Streeterville financing: commitment cut from $20M to $8M

Professional Diversity Network, Inc.

Commitment Amount reduced from $20M to $8M; previously issued $8.655M Pre-Paid Purchase unchanged.
For every $1 paid toward outstanding balance, Minimum Balance Amount may be reduced by $0.70, and corresponding amount released from Deposit Account.
Each release must be at least $50,000; Investor processes within 10 business days of valid request.
No Event of Default exists; Company waives any existing claims against Investor.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Professional Diversity Network, Inc. amended Global Amendment with Streeterville Capital, LLC (effective 2026-04-28).

Action: amendment
Agreement: equity purchase
Counterparty: Streeterville Capital, LLC
Effective: 2026-04-28

Exact text from the filing

On April 28, 2026, Professional Diversity Network, Inc. (the “Company”) entered into a Global Amendment (the “Global Amendment”) with Streeterville Capital, LLC, a Utah limited liability company (the “Investor”), which amends that certain securities purchase agreement, dated September 5, 2025 (the “Securities Purchase Agreement”), and the other Transaction Documents (as defined in the Global Amendment)

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-013889

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