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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 25, 12:11 AM

Slide #9. Professional Diversity Network, Inc. Secondary Offering

Company: Professional Diversity Network, Inc. (NASDAQ:IPDN)
Date announced: 4/16/2015
Shares Offered: 1,670,000
Date of Pricing: 4/16/2015
Price Per Share: $3.00
Secondary Offering Details: Professional Diversity Network, Inc. (Nasdaq:IPDN), ("PDN") a developer and operator of online networks that provide access to employment opportunities for diverse professionals in the United States, announced the pricing of a underwritten public offering of 1,670,000 shares of its common stock at a price to the public of $3.00 per share. The gross proceeds to Professional Diversity Network from this offering are expected to be approximately $5,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by Professional Diversity Network. PDN has granted the representative of the underwriters a 45-day option to purchase up to an additional 250,500 shares of common stock to cover over-allotments, if any. The offering is expected to close on April 22, 2015, subject to customary closing conditions.

Professional Diversity Network operates online networking communities with career resources tailored to different diverse cultural groups. Co.'s online networking and career placement solutions include: talent recruitment communities, job postings and company information, identity and contact management, career tools and skill-based content, and e-newsletter and nationwide event information. The hiring solutions Co. provides include: company-specific talent recruitment communities, single and multiple job postings, recruitment advertising, resume database access, hiring campaign marketing and advertising, research, and Employment Recruitment Intelligence Compliance Assistance service.
Open the IPDN Page at The Online Investor »

Company Name:  Professional Diversity Network, Inc.
Stock buyback:  IPDN buyback
Website:  www.prodivnet.com
Sector:  Application Software
 

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April 25, 2015    12:11 AM Eastern
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