M&A - Professional Diversity Network, Inc.

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925005917

Filing Summary: On February 25, 2025, Professional Diversity Network, Inc. entered into a stock purchase agreement with Boris Krastev Ventures UG to acquire 1,000,000 shares of common stock of RemoteMore USA, Inc. for a total purchase price of $300,000. This amount will be paid through the issuance of 500,000 newly issued restricted shares of Professional Diversity Network's common stock at a price of $0.60 per share. Prior to the acquisition, Professional Diversity Network held a majority interest in RemoteMore with 7,262,500 shares, and upon closing of this acquisition, their ownership in RemoteMore will increase to approximately 82.625% of the outstanding shares.

Form Type: 8-K

Filing Date: 2025-01-30

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925002264

Filing Summary: On January 26, 2025, Professional Diversity Network, Inc. entered into a Stock Purchase Agreement (SPA) with AI Geometric Ltd. The agreement outlines the purchase of 1,300 shares from the seller, constituting 13% of the total outstanding shares of AI Geometric Ltd., for a total consideration of US$1,300,000. The transaction received board approval on January 17, 2025, and was closed on January 27, 2025. The SPA includes standard representations, warranties, and covenants associated with such transactions, as well as indemnification obligations regarding breaches of these terms. Details of the SPA can be found as Exhibit 10.1 in this filing.