Professional Diversity Releases $1M with Side Agreement
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Professional Diversity Network, Inc. (IPDN) announced a securities purchase agreement with Streeterville Capital, LLC, allowing the issuance of shares for up to $20 million over two years. A side agreement released $1 million from a subsidiary's account, contingent on specific conditions. Analysts rate IPDN stock as Hold with a $3.00 price target, while Spark's AI Analyst gives it a Neutral rating due to weak financial performance and unattractive valuation. The current market cap is $12.69M, with an average trading volume of 7,028,548.
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