M&A: Koala Malta Ltd

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925000539

Comments: On December 5, 2024, Professional Diversity Network, Inc. entered into a Profit Participation Agreement (PPA) with Koala Malta Limited, closing the deal simultaneously with execution. Under the PPA, Professional Diversity Network purchased a 6% interest in QBSG Limited for $1,200,000, which included $700,000 in cash and $500,000 worth of the company's common stock (1,136,363 shares at $0.44 each). The shares were issued as Consideration Shares. Post-acquisition, Koala Malta beneficially owns 1,999,755 shares, approximately 12.71% of the total outstanding shares of Professional Diversity Network. The document indicates no plans for further corporate actions such as mergers, changes in management, or significant asset sales, although future considerations regarding investments may occur. This information builds on details from previous filings including the Form 10-Q and Form 8-K.

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