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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.

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