Professional Diversity Network sells NAPW and IAW subsidiaries for $150,000

Professional Diversity Network, Inc.

Sold 100% of NAPW, Inc. and IAW, Inc. to MEB Holding LLC for $150,000 cash.
Transaction closed July 3, 2026; effective for accounting purposes as of June 30, 2026.
Seller waives intercompany balance due from subsidiaries; indemnification capped at purchase price except for fraud.
Buyer acquires shares in unregistered transaction exempt under Section 4(a)(2) and Rule 506(b).
Seller retains obligation to indemnify buyer for Bayne matter and certain litigation disclosed in schedule.

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