Professional Diversity Network Acquires 3.2% Stake in AI Geometric Ltd for $1.36M in Stock Transaction

Professional Diversity Network, Inc. (PDN) entered into a Second Stock Purchase Agreement on April 29, 2026, to acquire a 3.2% ownership stake in AI Geometric Ltd, a UK-based company. The transaction is valued at $1,360,000 and will be paid through the issuance of 2,000,000 shares of PDN common stock, representing approximately $0.68 per share. This follows a previous acquisition in January 2025 where PDN purchased a 13% stake in AI Geometric for cash consideration. The closing is scheduled for May 15, 2026, subject to customary closing conditions and Nasdaq listing rule compliance. The stock issuance will be made under Regulation S exemptions for offshore transactions to non-U.S. persons. The agreement includes standard representations, warranties, and indemnification provisions, with the transaction subject to termination if not completed by May 30, 2026.