Professional Diversity Network Inc. filed SEC Form 8-K: Other Events

false 0001546296 0001546296 2025-04-08 2025-04-08

 

 

 

Date of Report (Date of earliest event reported): April 8, 2025

 

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Item 8.01 Other Events.

 

As previously reported, on January 9, 2025, the Professional Diversity Network, Inc. (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) informing the Company that the Nasdaq staff has determined that the Company had not regained compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”), and was not eligible for an additional 180-day remediation period. Accordingly, unless the Company requested an appeal of Nasdaq’s delisting determination by January 16, 2025, Nasdaq has determined that the Company’s securities will be scheduled for delisting from Nasdaq and will be suspended at the opening of business on January 21, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration from Nasdaq (the “Delisting Determination”).

 

The Company had timely filed an appeal for the Delisting Determination to the Nasdaq hearings panel (the “Panel”) pursuant to the procedures set forth in the Nasdaq Listing Rules, which stayed the suspension of the Company’s securities and the filing of Form 25-NSE pending the Panel’s decision.

 

On April 8, 2025, the Company received a letter from Nasdaq notifying the Company that it has regained compliance with the Bid Price Requirement within the time frame required by the Panel and accordingly this matter is now closed.

 

 

 

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.