ADDED
ipdn20251231_10k.htm 0001546296 Professional Diversity Network, Inc.
false --12-31 FY 2025 We face various cyber risks, including, but not limited to, risks related to unauthorized access, misuse, data theft, computer viruses, system disruptions, ransomware, malicious software, and other intrusions.
true true true false Management is responsible for the cybersecurity risk management program as well as actions to identify, assess, mitigate, and remediate material issues.
There were 10,244,785 shares outstanding of the Registrant s common stock as of March 31, 2026.
Such proxy statement will be filed with the Securities and Exchange Commission (the SEC ) within 120 days of the Registrant s fiscal year ended December 31, 2025.
On March 7, 2025, we filed a certificate of amendment to our Amended and Restated Certificate of Incorporation in order to implement a 10-for-1 reverse stock split, through which each ten shares of common stock, par value $0.01 per share, issued and outstanding were combined and changed into one share of common stock, par value $0.01 per share ( Common Stock ), effective March 13, 2025.
During fiscal year 2025, the Company initiated a strategic transformation to expand beyond its traditional online professional networking and talent marketplace operations and into Web3.0, copyrights, digital asset, and real-world asset ( RWA ) platform initiatives.
This transformation reflects management s objective to diversify revenue streams, integrate emerging technologies, and position the Company within blockchain-enabled digital ecosystems, particularly in Asia-Pacific markets.
In 2025, we established a wholly owned subsidiary in Tokyo, Japan.
The subsidiary is not currently a material contributor to our revenues, and its operations remain in development.
REMOVED
ipdn20241231_10k.htm 0001546296 Professional Diversity Network, Inc.
There were 2,083,327 shares outstanding of the Registrant s common stock as of March 31, 2025.
Effective January 5, 2023, we filed a certificate of amendment to our Amended and Restated Certificate of Incorporation in order to implement a 2-for-1 reverse stock split, through which each two shares of common stock issued and outstanding were combined and changed into one share of common stock.
Effective March 13, 2025, we filed a certificate of amendment to our Amended and Restated Certificate of Incorporation in order to implement a 10-for-1 reverse stock split, through which each ten shares of common stock issued and outstanding were combined and changed into one share of common stock.
We are proud of the strength and diversity within our Board of Directors, comprised of 20% female directors and 80% of directors who are non-white as of December 31, 2024; Two-third of our Audit Committee members are non-white males; and Our Senior Management team is comprised of 25% female members and 50% non-white males.
Our strategy encompasses the following key elements: Grow and diversify our member and client base; Improve branding and brand awareness; Utilize social media to effectively engage with the community; Maximize revenue through synergies among the segments; Launch new products and services; Streamline infrastructure to capture efficiency; and Continue to expand in diversity recruitment by growing our core offerings of recruitment advertising, Office of Federal Contract Compliance Programs (OFCCP) compliance offerings and our placement services.
In 2024, our TalentAlly Network, NAPW Network and RemoteMore business units represented approximately 67%, 6%, and 27% of our gross revenues, respectively.
As of December 31, 2024, we had approximately 300 enterprise companies and 1450 total customers utilizing our products and services.
We offer employers of all sizes seeking to expand their talent, and to third-party recruiters (i) real-time solutions that deliver diverse talent, (ii) advertising and promotion of their job opportunities to our networks of diverse professionals and (iii) assistance with posting their job opportunities to career agencies in a manner compliant with the regulations and requirements of the Equal Employment Opportunity OFCCP, including those of state and local governments.
As of December 31, 2024, we had approximately 300 enterprise companies and 1450 total customers utilizing our products and services.