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Professional Diversity files registration statement on behalf of stockholder

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Professional Diversity files registration statement on behalf of stockholder

Professional Diversity Network Inc. on Dec. 30 filed a registration statement on behalf of a selling stockholder for the sale of up to 246,445 shares of the company's common stock.

The selling stockholder, White Winston Select Asset Funds, LLC, may from time to time sell, transfer or otherwise dispose of any or all of their common shares in various ways and at varying prices. The shares were issued upon the exercise of warrants to purchase Professional Diversity's common stock. The warrants, which were exercised on Nov. 7, were issued to the selling stockholder in connection with a master credit facility which closed June 30.

The company will not receive any proceeds from the sale of the shares by the selling stockholder