Professional Diversity Network, Inc. (IPDN) Form 8-K — Aug 13, 2026
Professional Diversity Network (IPDN) closed a best efforts public offering on August 13, 2026, selling 1,620,000 units at $0.28 each and 5,524,000 pre-funded units at $0.2799 each for gross proceeds of approximately $2 million. Each security carries a Common Warrant to buy one share at $0.28 for three years with downward-reset anti-dilution provisions and a $0.081 floor, while the Pre-Funded Warrants exercise at a nominal $0.0001 — leaving roughly 7.14 million shares underlying at closing and common warrants on another 7.14 million shares.
Key figures
- Gross Proceeds
- approximately $2 million
- Offering Price
- 0.28
- Shares Offered
- 7,144,000 shares underlying at closing (plus common warrants for 7,144,000 additional shares)
- Unit price
- 0.28
- Units sold
- 1620000
- Common warrant term
- 3 years
- Insider lockup days
- 90
- Warrant floor price
- $0.081
- Pre funded unit price
- 0.2799
- Pre funded units sold
- 5524000
- Streeterville payment
- 20% of gross proceeds, paid within 3 trading days of closing
- Placement agent cash fee
- $119,986 (6.0% of aggregate purchase price)
- Beneficial ownership limit
- 4.99% (electable to 9.99%)
- Placement agent expense cap
- 75000
- Common warrant exercise price
- 0.28
- Issuer financing standstill days
- 75
- Pre funded warrant exercise price
- 0.0001
Price after filing
Close on the filing date to close N calendar days later (from $7.15). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.