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 1.01item 9.01

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