Professional Diversity Network Announces 1-for-30 Reverse Stock Split

What Happened

• Professional Diversity Network, Inc. (IPDN) filed an 8-K reporting a one-for-thirty reverse stock split of its common stock, effective 5:30 p.m. Eastern Time on September 11, 2026. The reverse split was authorized by stockholders at a special meeting on July 13, 2026 and approved by the board on August 26, 2026.
• The Reverse Stock Split does not change the total number of authorized shares or the $0.0001 par value. No fractional shares will be issued; post‑split holdings were rounded up to the nearest whole share. The Company’s Nasdaq trading will reflect the split-adjusted shares beginning at the open on September 14, 2026. New CUSIP: 74312Y509.
• The split triggers proportionate adjustments to outstanding equity awards, options, warrants and convertible securities. In particular, the common warrants issued August 13, 2026 will be adjusted under their “Share Combination Event” terms; the Company will notify warrant holders of specific adjustments. Transhare Corporation is acting as exchange agent; book-entry holders need take no action and certificated holders will receive instructions.

Key Details

• Reverse split ratio: 1-for-30; Effective time: 5:30 p.m. ET on Sept. 11, 2026.
• Nasdaq trading on a split-adjusted basis begins Sept. 14, 2026; new CUSIP 74312Y509.
• No change to authorized shares or par value; fractional post-split shares rounded up to whole shares.
• Outstanding warrants, options and convertible securities (including Common Warrants issued Aug. 13, 2026) will be adjusted per their terms.

Why It Matters

• For investors, a reverse split reduces the number of outstanding shares and increases the per-share price proportionally; this can affect trading liquidity, per-share metrics and investor perception.
• Holders of warrants, options or convertible securities should monitor notices from the Company for adjusted exercise/pricing details. Certificated stockholders must follow exchange-agent instructions to exchange physical certificates; holders in brokerage accounts need take no action.
• The Company also issued a press release about the reverse split (filed as Exhibit 99.1) that includes customary forward-looking statements.