Form 8-K - Current report
October 25 2023 - 9:00AM
Edgar (US Regulatory)
0001546296
false
0001546296
2023-10-20
2023-10-20
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 20, 2023
PROFESSIONAL
DIVERSITY NETWORK, INC. |
(Exact
name of registrant as specified in its charter) |
Delaware |
|
001-35824 |
|
80-0900177 |
(State
or other jurisdiction |
|
(Commission |
|
(I.R.S.
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
55 E. Monroe Street, Suite 2120, Chicago, Illinois 60603
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (312) 614-0950
N/A |
(Former
name or former address, if changed since last report) |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $.01 par value |
|
IPDN |
|
The
NASDAQ Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As
previously disclosed, on January 20, 2023 the Company received a decision (the “Decision”) from Nasdaq Hearings Panel (the
“Panel”) imposing a panel monitor on the Company until October 20, 2023 (the “Panel Monitor”), pursuant to which,
if at any time before the end of the monitor period, Nasdaq staff or the Panel determines that the Company has failed to meet the
minimum bid price requirement in Listing Rule 5550(a)(2) (the “Bid Price Rule”) (that is, the Company has had a closing bid
price under $1.00 for a period of 30 consecutive trading days), or any other requirement for continued listing on Nasdaq, Nasdaq
staff will issue a delist determination and a new hearing will be scheduled.
On
October 20, 2023, the Company received an end of monitor letter from the Panel stating that the Company is currently in compliance with
the Bid Price Rule, as required by the Decision, and accordingly, the Panel has determined to continue the listing of the Company’s
securities on The Nasdaq Stock Market and is closing the matter.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
Professional
Diversity Network, Inc. |
|
|
Date:
October 25, 2023 |
/s/
Xin (Adam) He |
|
Xin
(Adam) He, Chief Executive Officer |
v3.23.3
Cover
|
Oct. 20, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Oct. 20, 2023
|
Entity File Number |
001-35824
|
Entity Registrant Name |
PROFESSIONAL
DIVERSITY NETWORK, INC.
|
Entity Central Index Key |
0001546296
|
Entity Tax Identification Number |
80-0900177
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
55 E. Monroe Street
|
Entity Address, Address Line Two |
Suite 2120
|
Entity Address, City or Town |
Chicago
|
Entity Address, State or Province |
IL
|
Entity Address, Postal Zip Code |
60603
|
City Area Code |
(312)
|
Local Phone Number |
614-0950
|
Written Communications |
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|
Soliciting Material |
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|
Pre-commencement Tender Offer |
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|
Pre-commencement Issuer Tender Offer |
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|
Title of 12(b) Security |
Common
Stock, $.01 par value
|
Trading Symbol |
IPDN
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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