Professional Diversity Network, Inc 8-K, filed Oct 25, 2023
Professional Diversity Network, Inc. (IPDN)
About this 8-K
Professional Diversity Network, Inc filed this 8-K on October 25, 2023, reporting on events of October 20, 2023.
Items reported
- Item 3.01: Delisting notice or listing transfer
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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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 |