27 September 2016 • Articles
Morrow Sodali
Professional Diversity Network, Inc. Tender Offer
Professional Diversity Network, Inc. (NASDAQ:IPDN) today announced that it has entered into a definitive agreement to sell 312,500 shares of its common stock to Cosmic Forward Limited, a Seychelles private company and controlling stockholder of IPDN, at a purchase price of $9.60 per share, representing an approximately 3.1% premium over the closing consolidated bid price of IPDN’s $9.31 price on January 12, 2017
Morrow Sodali is serving as the information agent for Professional Diversity Network.