Professional Diversity Network, Inc. (IPDN): Nasdaq/NYSE listing notice — IPDN receives Nasdaq delisting notice for insufficient stockholders' equity

Professional Diversity Network, Inc.

Stockholders' equity of $2.14M as of Sept 30, 2023, below the $2.5M minimum required by Nasdaq Listing Rule 5550(b)(1).
Company has 45 days (until Jan 5, 2024) to submit a plan to regain compliance; if accepted, Nasdaq may grant up to 180-day extension.
Company does not currently meet the alternatives of market value of listed securities or net income from continuing operations.
Delisting risk is immediate but no immediate effect on listing; company is evaluating courses of action to regain compliance.

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 deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

November 21, 2023, Professional Diversity Network, Inc. (the “Company”) received a letter from Nasdaq notifying the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders’ equity of at least $2.5 million. In the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023, the Company reported stockholders’ equity of $2,136,708, which is below the minimum stockholders’ equity required for continued listing. Furt

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Professional Diversity Network, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042764

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