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.
