Professional Diversity Network, Inc. (IPDN): Nasdaq/NYSE listing notice — Professional Diversity Network regains Nasdaq compliance after reverse split; monitor imposed until Oct 20, 2023

Professional Diversity Network, Inc.

Received Nasdaq Hearings Panel letter on Jan 20, 2023 confirming compliance with minimum bid price rule and all listing standards.
Panel imposed a monitor period ending Oct 20, 2023; any future non-compliance could trigger a new delist hearing.
A 2-for-1 reverse stock split, effective Jan 4, 2023, was used to meet the $1.00 bid price requirement.
Company must immediately notify the Panel if bid price falls below $1.00 or any other listing requirement is breached.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Professional Diversity Network, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 20, 2023, the Company received a letter from Nasdaq Hearings Panel’s (the “Panel”) confirming that the Company has regained compliance with the bid price requirement in Nasdaq Listing Rule 5550(a)(2) and meets all other applicable continued listing requirements to remain listed in Nasdaq. The Panel has also determined to impose a Panel Monitor on the Company until October 20, 2023. If at any time before the end of the monitor period, Nasdaq Staff or the Panel determines that the Company has failed to meet the minimum bid price requirement (that is, the Company has had a closing bid pri

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Source: SEC EDGAR

accession 0001493152-23-002130

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