**Professional Diversity Network Regains Compliance with Nasdaq Listing Rule 5550(b)(1)**

Professional Diversity Network, Inc. has successfully regained compliance with the Nasdaq Listing Rule 5550(b)(1) following a letter received from Nasdaq on November 21, 2024. The company had previously fallen out of compliance due to reporting stockholders’ equity below $2.5 million in its Quarterly Report on Form 10-Q for the period ending March 31, 2024.

In response to the initial letter from Nasdaq, Professional Diversity Network submitted a plan within 45 days to address the minimum stockholders’ equity requirement. The plan was reviewed by Nasdaq, which granted the company an extension of 180 calendar days from the date of the original notification letter to regain compliance.

The recent notification from Nasdaq, based on the Company’s Current Report on Form 8-K filed on November 20, 2024, confirmed that Professional Diversity Network now complies with Nasdaq Listing Rule 5550(b)(1). However, the company must ensure continued compliance in its next periodic report, specifically the Annual Report on Form 10-K for the fiscal year ending December 31, 2024, to avoid potential delisting.

It is crucial for Professional Diversity Network to uphold compliance standards to maintain its listing status. Failure to demonstrate continued compliance in future filings could result in delisting, prompting Nasdaq to provide written notification to the company, which may then have the option to appeal the decision to a listing panel.

Additionally, interested parties are advised to refer to the Company’s earlier Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2024, concerning a notification of noncompliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2).

As per regulatory requirements, this report has been duly signed on behalf of Professional Diversity Network, Inc. by Chief Executive Officer, Adam He, on November 22, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Professional Diversity Network’s 8K filing here.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).