regulatory
confidence high
sentiment positive
materiality 0.50
IPDN regains Nasdaq $1.00 minimum bid price compliance after reverse split; delisting matter closed
Professional Diversity Network, Inc.
- Nasdaq notified Professional Diversity Network on June 5, 2026 that its closing bid price was below $1.00 for 30 consecutive business days; deadline to regain compliance was December 2, 2026.
- Closing bid price stayed at or above $1.00 for 10 consecutive business days, from September 14, 2026 through September 25, 2026.
- Nasdaq confirmed regained compliance on September 28, 2026 and stated the matter is now closed; press release issued September 30, 2026.
- Company attributes the recovery to its previously announced reverse stock split; CEO Xun Wu signed the filing.
- No financial terms, fines, or fees disclosed; the Section 12(b) listing of IPDN common stock on Nasdaq continues.