DivestmentJul 6, 2026, 04:46 PM
Professional Diversity Network Sells NAPW, IAW for $150,000
AI Summary
Professional Diversity Network, Inc. (IPDN) entered into a Stock Purchase Agreement on July 2, 2026, to sell 100% of its outstanding shares in NAPW, Inc. and IAW, Inc. to MEB Holding LLC. The aggregate purchase price for the transaction was $150,000. The company's board approved the sale on July 2, 2026, and the transaction officially closed on July 3, 2026, with an effective date for accounting and economic purposes of June 30, 2026.
Key Highlights
- Professional Diversity Network sold 100% of NAPW, Inc. and IAW, Inc. shares.
- MEB Holding LLC acquired the shares for an aggregate purchase price of $150,000.
- The Stock Purchase Agreement was entered into on July 2, 2026.
- The transaction was approved by the Seller's board on July 2, 2026.
- The sale closed on July 3, 2026, with an effective date of June 30, 2026.
- The sale was made in reliance on exemptions from registration under Section 4(a)(2) and/or Rule 506(b).
Price Impact
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