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Professional Diversity Network, Inc. Announces Acquisition Of Expo Experts, Llc

PUBLIC · IPDNJan 11, 2023

Acquiring Company

Professional Diversity Network

Acquired Company

Expo Experts

ChicagoInformation TechnologyHardwareEducationHuman ResourcesNon ProfitConsulting

Description

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.

Quick answer

Professional Diversity Network is acquiring Expo Experts, announced January 11, 2023. Professional Diversity Network is based in Chicago, Illinois, United States.

How much did Professional Diversity Network pay for Expo Experts?
The deal value was not disclosed.
What does Professional Diversity Network do?
Professional Diversity Network, Inc. (PDN) is a developer and operator of online and in-person diversity job seeker networks that provides access to networking, training, educational and employment opportunities for..
Where are Professional Diversity Network and Expo Experts based?
Professional Diversity Network is based in Chicago, Illinois, United States.
Who are the decision-makers at Professional Diversity Network?
Fundz holds 5 contacts at Professional Diversity Network. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Professional Diversity Network

Location

Chicago, Illinois, United States

About

Professional Diversity Network, Inc. (PDN) is a developer and operator of online and in-person diversity job seeker networks that provides access to networking, training, educational and employment opportunities for diverse professionals. Through our online platforms and partnerships, we provide hiring employers a means to identify and acquire diverse talent and assist them with DEI efforts. Our mission is to utilize the collective strength of our affiliate companies, members, partners, and unique proprietary platform to be the standard in business diversity recruiting, networking and professional development for women, minorities, veterans, LGBTQ+ and disabled persons globally.

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Frequently asked

Who acquired Expo Experts?

Expo Experts was acquired by Professional Diversity Network, based in Chicago. The deal was reported on January 11, 2023. Professional Diversity Network, Inc. Professional Diversity Network is publicly traded (IPDN) and operates in Information Technology.

When did Professional Diversity Network acquire Expo Experts?

Professional Diversity Network's acquisition of Expo Experts was reported on January 11, 2023. Professional Diversity Network, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Expo Experts do?

Expo Experts is the leading career fair company in North America. We host job fairs for engineering & technology as well as nursing & healthcare. It is privately held.

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