Professional Diversity Network : Failure to Satisfy Listing Rule - Form 8-K

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

As previously disclosed, on November 21, 2023, Nasdaq notified Professional Diversity Network, Inc. (the "Company") that it did not comply with the minimum $2.5 million stockholders' equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations requirements for The Nasdaq Capital Market set forth in Listing Rules 5550(b)(1), or 5550(b)(2), or 5550(b)(3) (the "Rules"), respectively.

On April 2, 2024, the Company received a letter from Nasdaq stating that based on the Company's Form 10-K for the period ended December 31, 2023, evidencing stockholders' equity of $2,568,241, Nasdaq has determined that the Company complies with the Rules and the matter is now closed.

The Company intends to pursue other transactions in the near term, including without limitation, equity financing transactions and/or acquisitions, to further shore up the Company's shareholders' equity.