Professional Diversity Network sets 2:1 reverse stock split effective Jan 5, 2023

Professional Diversity Network, Inc.

Board fixed split ratio at 2:1 on Jan 3, 2023; filed Certificate of Amendment same day.
Outstanding shares reduced from ~18M to ~9M; fractional shares cashed out.
Trading on split-adjusted basis begins Jan 5, 2023 under same symbol IPDN.
New CUSIP 74312Y301 replaces old CUSIP 74312Y202.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Professional Diversity Network, Inc.: Implemented a 2-for-1 reverse stock split via amendment to Amended and Restated Certificate of Incorporation (effective 2023-01-05).

Change: charter amendment
Effective: 2023-01-05

Exact text from the filing

On January 3, 2023, the Company, filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”), which effects the Reverse Stock Split at a ratio of 2 to 1, and such Certificate of Amendment will become effective as of 12:01 am, on January 5, 2023

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Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-000230

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