Professional Diversity Network Files 8-K with Material Agreement
Ticker: IPDN · Form: 8-K · Filed: Nov 20, 2025 · CIK: 1546296
| Field | Detail |
|---|---|
| Company | Professional Diversity Network, INC. (IPDN) |
| Form Type | 8-K |
| Filed Date | Nov 20, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $20,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
PDN filed an 8-K on Nov 20, 2025, reporting a material definitive agreement. Details to follow.
AI Summary
On November 20, 2025, Professional Diversity Network, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Chicago, Illinois.
Why It Matters
This 8-K filing indicates a significant new agreement for Professional Diversity Network, Inc., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, the nature of which is not yet fully disclosed in this initial filing.
Key Players & Entities
- Professional Diversity Network, Inc. (company) — Registrant
- November 20, 2025 (date) — Date of Report
- November 19, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- Chicago, Illinois (location) — Principal Executive Office
- 312-614-0950 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement filed by Professional Diversity Network, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the summary information of the 8-K.
When was this 8-K report filed?
The 8-K report was filed on November 20, 2025.
What is the earliest event date reported in this filing?
The earliest event reported is dated November 19, 2025.
Where is Professional Diversity Network, Inc. headquartered?
The company's principal executive office is located at 55 E. Monroe Street, Suite 2120, Chicago, Illinois 60603.
What is the SIC code for Professional Diversity Network, Inc.?
The Standard Industrial Classification (SIC) code for Professional Diversity Network, Inc. is 7370, which falls under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2025-11-20 16:09:59
Key Financial Figures
- $0.01 — r shares of its common stock, par value $0.01 per share ("Common Stock"), in one or m
- $20,000,000 — or an aggregate purchase price of up to $20,000,000 for a period of two (2) years from Sept
Filing Documents
- ipdn20251120_8k.htm (8-K) — 27KB
- ex_891368.htm (EX-10.1) — 4KB
- 0001437749-25-035861.txt ( ) — 163KB
- ipdn-20251119.xsd (EX-101.SCH) — 3KB
- ipdn-20251119_def.xml (EX-101.DEF) — 12KB
- ipdn-20251119_lab.xml (EX-101.LAB) — 15KB
- ipdn-20251119_pre.xml (EX-101.PRE) — 12KB
- ipdn20251120_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on September 5, 2025, Professional Diversity Network, Inc. (the "Company") entered into a securities purchase agreement (the "Securities Purchase Agreement") with Streeterville Capital, LLC, a Utah limited liability company (the "Investor"), pursuant to which the Company agreed to issue and sell to the Investor shares of its common stock, par value $0.01 per share ("Common Stock"), in one or more pre-paid advance purchases for an aggregate purchase price of up to $20,000,000 for a period of two (2) years from September 5, 2025. As also previously disclosed, on October 30, 2025, the Company and the Investor entered into a side letter agreement (the "Side Letter"), with respect to the Securities Purchase Agreement, pursuant to which the Company agreed, among other things, to file a registration statement on Form S-1 for the registration of at least 8,250,000 shares of Common Stock issuable to the Investor in connection with the Securities Purchase Agreement within twenty (20) days of the date of the Side Letter. On November 19, 2025, the Company received from the Investor a waiver letter (the "Waiver Letter"), pursuant to which the Investor agreed to waive in full the Company's obligation under the Securities Purchase Agreement and the Side Letter to file a registration statement on Form S-1 in connection with the Securities Purchase Agreement. All other terms of the SPA and the Side Letter remain in full force and effect. The foregoing description of the Waiver Letter does not purport to be complete and is qualified in its entirety by reference to Exhibit 10.1 to this Current Report on Form 8-K, and incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Waiver Letter from Streeterville Capital, LLC, dated November 19, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Professional Diversity Network, Inc. Date: November 20, 2025 By: /s/ Yiran Gu Name: Yiran Gu Title: Chief Financial Officer