secwatch / observer

Professional Diversity Network, Inc. — fact timeline

Source-grounded facts extracted from Professional Diversity Network, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

IPDN Professional Diversity Network, Inc. JSON
Governance Changes

Professional Diversity Network, Inc.: Changed voting standard for matters other than director elections from majority of voting power present to majority of votes cast (effective 2026-06-10).

“change the voting standard for matters other than the election of directors from requiring the affirmative vote of a majority of the voting power of the shares present in person or represented by proxy at the meeting and entitled to vote on the subject matter to requiring the affirmative vote of a majority of the votes cast by the shares present in person or represented by proxy at the meeting and entitled to vote on the subject matter”
Governance Changes

Professional Diversity Network, Inc.: Reduced quorum requirement from majority to one-third of aggregate voting power (effective 2026-06-10).

“reduce the quorum requirement for stockholder meetings from a majority of the aggregate voting power of the stock issued and outstanding and entitled to vote, present in person or represented by proxy, to one-third (1/3) of the aggregate voting power of the stock issued and outstanding and entitled to vote, present in person or represented by proxy”
Listing & Compliance Notices

Professional Diversity Network, Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“June 5, 2026, Professional Diversity Network, Inc. (the “Company”) received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), as the Company’s closing bid price for its common stock, par value $0.01 per share (“Common Stock”), was below $1.00 per share for the prior thirty (30) consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until December 2, 2026 (the “Compli”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter ended March 31, 2026 results: revenue approximately $1.55 million.

“growth through technology investments and operational execution.” “For the first quarter ended March 31, 2026, total revenues increased 2.9% year over year to approximately $1.55 million, driven primarily by contracted software development revenue,” said Bella Gu, CFO of Professional Diversity Network, Inc. “During the quarter, we improved liquidity, reduced our”
Material Agreements

Professional Diversity Network, Inc. amended Global Amendment with Streeterville Capital, LLC (effective 2026-04-28).

“On April 28, 2026, Professional Diversity Network, Inc. (the “Company”) entered into a Global Amendment (the “Global Amendment”) with Streeterville Capital, LLC, a Utah limited liability company (the “Investor”), which amends that certain securities purchase agreement, dated September 5, 2025 (the “Securities Purchase Agreement”), and the other Transaction Documents (as defined in the Global Amendment)”
Equity Issuances

Professional Diversity Network, Inc. issued common stock.

“The information set forth in “Item 1.01 Entry into a Material Definitive Agreement” relating to the issuance of Common Stock is incorporated by reference herein in its entirety.”
Equity Issuances

Professional Diversity Network, Inc. issued common stock to the Investor.

“The information set forth in “Item 1.01 Entry into a Material Definitive Agreement” relating to the issuance of Common Stock is incorporated by reference herein in its entirety.”
Auditor Changes

Professional Diversity Network, Inc. engaged SR CPA & Co. as its auditor.

“The Company has engaged SR CPA & Co. (“SR CPA”), a Public Company Accounting Oversight Board registered firm , as the independent registered public accounting firm for the Company, effective on July 31, 2025.”
Auditor Changes

Sassetti LLC resigned as auditor of Professional Diversity Network, Inc..

“On July 30, 2025, Professional Diversity Network, Inc. (the “Company”) received a resignation letter from Sassetti LLC (“Sassetti”), the independent registered public accounting firm for the Company, stating that its resignation from its role as the Company’s independent registered public accounting firm on July 24, 2025.”
Debt Financings

Professional Diversity Network, Inc. incurred convertible notes of $150,000 with two non-affiliated accredited investors at 12% per annum maturing 360 days after the applicable purchase price payment date.

“the Company issued and sold to the Purchasers unsecured convertible promissory notes on July 7, 2025 and July 9, 2025, in the principal amounts of $250,000 (the “First Note”) and $150,000 (the “Second Note”, and together with the First Note, the “Notes”), respectively, for aggregate gross proceeds of $400,000.”
Debt Financings

Professional Diversity Network, Inc. incurred convertible notes of $250,000 with two non-affiliated accredited investors at 12% per annum maturing 360 days after the applicable purchase price payment date.

“the Company issued and sold to the Purchasers unsecured convertible promissory notes on July 7, 2025 and July 9, 2025, in the principal amounts of $250,000 (the “First Note”) and $150,000 (the “Second Note”, and together with the First Note, the “Notes”), respectively, for aggregate gross proceeds of $400,000.”

Lisa Fan was appointed as Interim Chief Financial Officer at Professional Diversity Network, Inc..

“On June 12, 2025, upon the recommendation of the Company’s Nominating and Corporate Governance Committee, the board of directors of the Company (the “Board”) appointed Lisa Fan to serve as the new interim CFO of the Company.”

Megan Bozzuto resigned as Interim Chief Financial Officer at Professional Diversity Network, Inc..

“On June 6, 2025, Megan Bozzuto resigned from her position with Professional Diversity Network, Inc. (the “Company”) as the interim chief financial officer (the “CFO”), effective immediately.”

Lisa Fan was appointed as Interim Chief Financial Officer at Professional Diversity Network, Inc..

“On June 12, 2025, upon the recommendation of the Company’s Nominating and Corporate Governance Committee, the board of directors of the Company (the “Board”) appointed Lisa Fan to serve as the new interim CFO of the Company.”

Megan Bozzuto resigned as interim chief financial officer at Professional Diversity Network, Inc..

“On June 6, 2025, Megan Bozzuto notified the board of directors (the “Board”) of Professional Diversity Network, Inc. (the “Company”) of her decision to resign as the interim chief financial officer (the “CFO”), effective upon acceptance by the Board, June 9, 2025.”

Song Tai was appointed as Director at Professional Diversity Network, Inc..

“On May 26, 2025, upon the recommendation of the Company’s Nominating and Corporate Governance Committee and following interviews conducted by the Board, the Board appointed Mr. Cheung Wai Kee and Mr. Song Tai to fill the vacancies on the Board created by resignations of Mr. Ge Yi and Ms. Katerine Lauderdale, both effective immediately.”

Cheung Wai Kee was appointed as Director at Professional Diversity Network, Inc..

“On May 26, 2025, upon the recommendation of the Company’s Nominating and Corporate Governance Committee and following interviews conducted by the Board, the Board appointed Mr. Cheung Wai Kee and Mr. Song Tai to fill the vacancies on the Board created by resignations of Mr. Ge Yi and Ms. Katerine Lauderdale, both effective immediately.”

Katerine Lauderdale resigned as Director at Professional Diversity Network, Inc..

“On May 22, 2025, Katerine Lauderdale notified the Company of her decision to resign from the Company’s Board of Directors effective immediately.”

Ge Yi resigned as Director at Professional Diversity Network, Inc..

“On May 22, 2025, Ge Yi notified the Board of Directors of Professional Diversity Network, Inc. (the “Company”) of his decision to resign from the Company’s Board of Directors (the “Board”) effective immediately.”

Long Yi was appointed as Director at Professional Diversity Network, Inc..

“appointed Mr. Long Yi to fill the vacancy created by Mr. Chris Renn’s resignation”

Eloisa Sultan was appointed as Director at Professional Diversity Network, Inc..

“appointed Ms. Eloisa Sultan to fill the vacancy created by Mr. Michael D. Belsky’s resignation”

Chris Renn resigned as Director at Professional Diversity Network, Inc..

“On April 19, 2025, Chris Renn notified the Company of his decision to resign from the Company’s Board of Directors effective immediately.”

Michael D. Belsky resigned as Director at Professional Diversity Network, Inc..

“On April 18, 2025, Michael D. Belsky notified the Board of Directors of Professional Diversity Network, Inc. (the “Company”) of his decision to resign from the Company’s Board of Directors effective immediately.”
Governance Changes

Professional Diversity Network, Inc.: Reverse stock split at 10-to-1 ratio (effective 2025-03-13).

“On March 7, 2025, the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware (the “Certificate of Amendment”), which effects the Reverse Stock Split at a ratio of 10-to-1, and such Certificate of Amendment will become effective as of 12:01 a.m. ET on March 13, 2025 (the “Effective Time”).”
Listing & Compliance Notices

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

“January 9, 2025, the Company received a letter from Nasdaq informing the Company that the Nasdaq Staff has determined that the Company had not regained compliance with Rule 5550(a)(2), stating that the Company did not satisfy the initial listing requirements for The Nasdaq Capital Market under the equity standard or alternative standards and was consequently not eligible for an additional 180-day remediation period. Accordingly, unless the Company requests an appeal of this determination by January 16, 2025, Nasdaq has determined that the Company’s securities will be scheduled for delisting fr”
Listing & Compliance Notices

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

“January 9, 2025, the Company received a letter from Nasdaq informing the Company that the Nasdaq Staff has determined that the Company had not regained compliance with Rule 5550(a)(2), stating that the Company did not sa”

Katherine Lauderdale was appointed as Director at Professional Diversity Network, Inc..

“On July 18, 2024, upon the recommendation of the Company’s Nominating and Corporate Governance Committee, the Board of Directors appointed Ms. Katherine Lauderdale to fill the vacancy created by Ms. Shea’s resignation, effective August 1, 2024.”

Courtney C. Shea resigned as Director at Professional Diversity Network, Inc..

“On July 15, 2024, Courtney C. Shea notified the Board of Directors of Professional Diversity Network, Inc. (the “Company”) of her decision to resign from the Company’s Board of Directors effective August 1, 2024.”

Megan Bozzuto was appointed as interim Chief Financial Officer at Professional Diversity Network, Inc..

“On May 20, 2024, the Board of Directors of the Company appointed Megan Bozzuto as interim Chief Financial Officer of the Company, pending the outcome of the Company’s search for a permanent successor.”

Larry Aichler departed as Chief Financial Officer at Professional Diversity Network, Inc..

“On May 15, 2024, Larry Aichler ceased to be the Chief Financial Officer of Professional Diversity Network, Inc. (the “Company”) by mutual agreement effective immediately.”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter ended March 31, 2024 results: revenue approximately $1,727,000, net income net loss from continuing operations of approximately $803,000, EPS ($0.07).

“Professional Diversity Network, Inc. Announces Financial Results for the Quarter Ended March 31, 2024”
Listing & Compliance Notices

Professional Diversity Network, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1), 5550(b)(2), 5550(b)(3)).

“April 2, 2024, the Company received a letter from Nasdaq stating that based on the Company’s Form 10-K for the period ended December 31, 2023, evidencing stockholders’ equity of $2,568,241, Nasdaq has determined that the Company complies with the Rules and the matter is now closed. The Company intends to pursue other transactions in the near term, including without limitation, equity financing transactions and/or acquisitions, to further shore up the Company’s shareholders’ equity. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused th”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter and fiscal year ended December 31, 2023 results: revenue approximately $ 7,699,000, net income a net loss of approximately $ 4,386,000.

“Professional Diversity Network, Inc. Announces Financial Results for the Quarter and Fiscal Year Ended December 31, 2023”

Ge Yi was elected as Director at Professional Diversity Network, Inc..

“On March 27, 2024, the remaining four directors of the Company elected Mr. Ge Yi (“Mr. Yi”) to fill the vacancy on the Board created by Mr. Liu’s resignation, effective immediately.”

Scott Liu resigned as Director at Professional Diversity Network, Inc..

“On March 23, 2024, Scott Liu, a member of the Board of Directors (the “Board”) of Professional Diversity Network, Inc. (the “Company”) notified the Company of his intention to retire and his resignation from the Board of Directors of the Company.”
Listing & Compliance Notices

Professional Diversity Network, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“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”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter ended September 30, 2023 results: revenue approximately $2,008,000, EPS $0.12.

“On November 14, 2023, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.”
Listing & Compliance Notices

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

“October 20, 2023 (the “Panel Monitor”), pursuant to which, 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 in Listing Rule 5550(a)(2) (the “Bid Price Rule”) (that is, the Company has had a closing bid price under $1.00 ‎for a period of 30 consecutive trading days), or any other requirement for continued listing on Nasdaq, Nasdaq ‎staff will issue a delist determination‎ ‎and a new hearing will be scheduled. On October 20, 2023, the Company received an end of monitor letter from the”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter ended June 30, 2023 results: revenue approximately $1,841,000, EPS Basic and diluted net loss per share decreased to $0.14 during the three months ended June 30, 2023 as compared to $0.01.

“for the Three Months Ended June 30, 2023 Revenues Total revenues for the three months ended June 30, 2023 decreased approximately $354,000, or 16.1 percent, to approximately $1,841,000 from approximately $ 2,195,000 during the same period in the prior year. The decrease was predominately attributable to a reduction in recruitment services revenues of”
Shareholder Votes

Professional Diversity Network, Inc. shareholders approved Approval of Professional Diversity Network, Inc. 2023 Equity Compensation Plan.

“The Company's stockholders voted to approve the Professional Diversity Network, Inc. 2023 Equity Compensation Plan by the following vote:”
Shareholder Votes

Professional Diversity Network, Inc. shareholders approved Non-binding advisory vote on compensation of named executive officers.

“The Company's stockholders voted to ratify, on a non-binding basis, the compensation of our named executive officers by the following vote:”
Shareholder Votes

Professional Diversity Network, Inc. shareholders approved Ratification of appointment of Sassetti, LLC as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-12-31 meeting.

“The Company's stockholders voted to ratify the appointment of Sassetti, LLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 by the following vote:”
Shareholder Votes

Professional Diversity Network, Inc. shareholders approved Election of five nominees as directors.

“The Company's stockholders elected the following five nominees as directors, to serve until the next annual meeting of stockholders of the Company and until their respective successors are duly elected and qualified, by the following vote:”
Earnings Releases

Professional Diversity Network, Inc. reported the quarter ended March 31, 2023 results: revenue approximately $1,955,000, EPS $0.11 per share.

“Total revenues for the three months ended March 31, 2023, decreased approximately $98,000, or 5 percent, to approximately $1,955,000 from approximately $2,053,000 during the same period in the prior year.”
Listing & Compliance Notices

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

“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”
Governance Changes

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).

“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”
Earnings Releases

Professional Diversity Network, Inc. reported the nine months ended September 30, 2022 results: revenue approximately $6,363,000.

“Total revenues for the nine months ended September 30, 2022 increased approximately $1,735,000, or 37.5%, to approximately $6,363,000 from approximately $4,628,000 during the same period in the prior year.”
Earnings Releases

Professional Diversity Network, Inc. reported the three months ended September 30, 2022 results: revenue approximately $2,115,000, net income net loss of approximately $1,095,000, EPS $0.07.

“for the Three Months Ended September 30, 2022 Revenues Total revenues for the three months ended September 30, 2022 increased approximately $432,000, or 25.7%, to approximately $2,115,000 from approximately $1,683,000 during the same period in the prior year. The increase was predominately attributable to approximately $738,000 of contracted software development”

Chris Renn was elected as Director at Professional Diversity Network, Inc..

“On July 28, 2022, the remaining four directors of the Company elected Chris Renn to fill the vacancy on the Board created by Ms. Reyes’ resignation, effective immediately.”

Grace Reyes resigned as Director at Professional Diversity Network, Inc..

“On July 25, 2022, Grace Reyes, a member of the Board of Directors (the “Board”) of Professional Diversity Network, Inc. (the “Company”) tendered her resignation as a director of the Company effective on July 28, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.