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Professional Diversity Network drops 15% on launch of direct offering

  • Professional Diversity Network (NASDAQ:IPDN) inks agreements with institutional investors for the purchase and sale of its common stock at a purchase price of $1.70/share in a registered direct offering for gross proceeds of $2.5M.
  • Closing date is July 9.
  • IPDN shares down 15% premarket at $1.80.

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Professional Diversity Network, Inc.