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Professional Diversity Network sells 380,295 shares to Chinese individual

Professional Diversity Network Inc. on Jan. 29 sold 380,295 shares of common stock at $3.91 per share, for gross proceeds of about $1.5 million.

The shares were sold to Shengqi Cai, a resident of the People's Republic of China, according to a Feb. 2 SEC filing. The per share purchase price reflected the closing price of the company's common stock Jan. 24.