Professional Diversity Network Closes its Initial Public Offering of 2,625,000 Shares of Common Stock
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Professional Diversity Network, Inc.
CHICAGO, March 8, 2013 /PRNewswire/ -- Professional Diversity Network, Inc. (NASDAQ: IPDN), a developer and operator of online networks dedicated to serving diverse professionals in the United States, today announced that it closed on its initial public offering of 2,625,000 shares of its common stock at a price to the public of $8.00 per share. The gross proceeds to Professional Diversity Network was $21,000,000 before underwriting discounts and commissions and other offering expenses. The Company has granted Aegis Capital Corp., as representative of the underwriters, a 45 day option to purchase up to an additional 393,750 shares of common stock from the Company.
Aegis Capital Corp. acted as sole book-running manager for the offering.
Merriman Capital, Inc. acted as a co-manager for the offering.
Copies of the prospectus related to the offering may be obtained from: Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: (212) 813-1010, email: firstname.lastname@example.org or Merriman Capital, Inc., Prospectus Department, 600 California St., 9th Floor, San Francisco, CA 94108; telephone: (415) 248-5683.
The prospectus and the final prospectus may also be obtained through the website of the Securities and Exchange Commission at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Professional Development Network
Professional Diversity Network develops and operates online networks dedicated to serving diverse professionals in the United States. To date, we have been particularly focused on Hispanic-American and African-American professionals and recently launched additional websites dedicated to other diverse segments, including women, Asian-American, LGBT (lesbian, gay, bisexual and transgender), differently-abled and military professionals. We currently have over two million members and more than 3,000 companies and organizations, including 60% of the Fortune 500 companies, have listed job postings on our websites. For more information, visit: www.professionaldiversitynetwork.com
Saturday, May 18 2013 10:19 AM EDT2013-05-18 14:19:20 GMT
DELMAR, Del-This week WBOC has been following the discussion about adding two more casinos in Delaware; one of them being in Sussex County. A house committee in the First State put a plan for two moreMore
This week WBOC has been following the discussion about adding two more casinos in Delaware; one of them being in Sussex County. A House committee in the First State put a plan for two more casinos temporarily on hold.More
Two Ocean City brother, Samir and Basel Ramadan, are behind bars. Federal officals say the two are ringleaders of a cigarette smuggling ring that netted millions. Police have arrested 15 people in this case - and now they're trying to find out where is all the money. As WBOC's LeAnne Matach reports, neighbors of the two brother say they are shocked that something like this was happening in their community.More