Professional Diversity Network To Raise $2.5M Via Institutional Share Sale At 20% Discount

July 7, 2021 2:02 PM | 24 seconds read | Make a Comment

Professional Diversity Network, Inc. IPDN, inked agreements to raise $2.5 million from the sale of shares at $1.70 per share in an institutional offering.
The offer price signifies a 19.8% discount to the company’s Tuesday closing price of $2.12.
The stock gained 27.7% last week.
It held $2.3 million in cash and equivalents as of March 31, 2021.
Price action: IPDN shares traded lower by 20.5% at $1.685 on the last check Wednesday.

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