Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 4:54 PM
| This Slide: #76 of 100 |
Slide #76. Professional Diversity Network, Inc. — Expo Experts, LLC
Acquirer:
Professional Diversity Network, Inc. (NASDAQ:IPDN)
Acquiree:
Expo Experts, LLC
Details:
Professional Diversity Network, Inc. (NASDAQ:IPDN) ("PDN" or "Company"), a developer and operator of online and in-person diversity talent networks that provides access to networking, training, educational and employment opportunities for diverse individuals, announced that the Company's wholly-owned subsidiary, Expo Experts Events, LLC, pursuant to an asset purchase agreement with Expo Experts, LLC ("Expo Experts") dated as of January 9, 2023, an Ohio limited liability company, has purchased the assets and operations of Expo Experts for a total consideration of $600,000 to be funded by the payment of $400,000 in cash and the issuance of restricted shares of PDN common stock valued at $200,000 based on the volume weighted average price as of twenty (20) days prior to the closing date.
Professional Diversity Network is a holding company. Through its subsidiaries, Co. is an operator of networks with a focus on diversity, employment, education and training. Co. business segments are: Professional Diversity Network, which includes online networking communities with career resources tailored to the needs of various cultural groups and employers looking to hire members of such groups; and National Association of Professional Women, a women-only networking organization. Co. serves a variety of such communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender.
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