Professional Diversity Network, Inc. (IPDN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 246.19% of current shares
Recent Dilution: 326.31% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
9.6M
Potential Supply
24M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

IPDN currently has 9.59M outstanding shares. with significant dilution risk as 23.6M authorized shares could dilute existing holders by 246.2%. The company has significantly diluted shareholders by 326.31% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 9.6M shares outstanding

9.6M 24M
Mar 31, 2026

10-K filing | 7.3M shares outstanding

7.3M 26M
Dec 18, 2025

8-K filing: Professional Diversity Network, Inc. entered into a purchase agreement with DeeptradeX.ai to acquire 25,937,800 DTT Tokens for $2,593,780, payable in cash, shares of the Company's common stock, or a combination thereof, with the board approving payment through the issuance of 1,358,000 shares of Common Stock. ($2.59M proceeds)

4.1M 29M
Nov 25, 2025

8-K filing: Professional Diversity Network, Inc. issued 927,600 shares of common stock to Shohan Event Organizers Co., L.L.C. for $1,576,920 as consideration for five original musical works. ($1.58M proceeds)

4.1M 29M
Nov 14, 2025

10-Q filing | 4.1M shares outstanding

4.1M 29M
Oct 31, 2025

8-K filing: Professional Diversity Network, Inc. entered into a side letter agreement with Streeterville Capital, LLC, regarding a securities purchase agreement, to release $1,000,000 from a deposit account, subject to certain conditions, including the filing of a prospectus supplement to register up to 3,250,000 shares of common stock and a new registration statement for at least 8,250,000 shares of common stock. ($8.66M proceeds)

4.1M 29M
Sep 25, 2025

S-1 filing: The filing is an S-1 registration statement registering the resale of common stock by a selling stockholder and the potential issuance of additional shares under a Securities Purchase Agreement.

4.1M 29M
Sep 17, 2025

8-K filing: Professional Diversity Network, Inc. issued 556,000 shares of common stock to Streams Ohio Corp. for copyright transfer and 550,000 shares of common stock to B&W Capital Group LLC for consulting services. ($1.8M proceeds)

2.1M 8M
Sep 05, 2025

8-K filing: Professional Diversity Network, Inc. entered into a securities purchase agreement with Streeterville Capital, LLC, issuing shares of common stock in pre-paid advance purchases for up to $20,000,000, along with Commitment Shares and Pre-Delivery Shares. ($3.4M proceeds)

2.1M 8M
Aug 14, 2025

10-Q filing | 2.1M shares outstanding

2.1M 8M
Jul 01, 2025

8-K filing: Professional Diversity Network, Inc. exchanged 500,000 warrants for 333,333 shares of common stock with a holder.

1.9M 8.3M
May 14, 2025

10-Q filing | 1.9M shares outstanding

1.9M 8.3M
Mar 31, 2025

10-K filing | 1.8M shares outstanding

1.8M 8.3M
Mar 25, 2025
Stock Split

8-K filing: Professional Diversity Network, Inc. completed a reverse stock split at a ratio of 1-for-10 and closed on the issuance of 1,000,000 shares (adjusted for the reverse split) of common stock to Aurous Vertex Limited at $0.3385 per share.

1.3M 8.9M
Mar 03, 2025

S-3/A filing: This is an S-3/A filing for Professional Diversity Network, Inc., for a potential offering of common stock and preferred stock with an aggregate offering price not exceeding $25,000,000. The filing also covers potential issuances of warrants to purchase shares of common stock or preferred stock, and rights to stockholders to purchase shares of common stock or preferred stock.

13M 89M
Mar 03, 2025

8-K filing: Professional Diversity Network, Inc. entered into a stock purchase agreement with Boris Krastev Ventures UG to acquire 1,000,000 shares of common stock of RemoteMore USA, Inc. for $300,000, which will be paid through the issuance of 500,000 newly issued restricted shares of the Company's common stock at a price of $0.60 per share. ($0.3M proceeds)

10M 91M
Jan 30, 2025

8-K filing: Professional Diversity Network, Inc. entered into a Stock Purchase Agreement with AI Geometric Ltd to purchase 1,300 shares of AI Geometric Ltd, representing 13% of its issued and outstanding shares, for $1,300,000. The transaction closed on January 27, 2025. ($1.3M proceeds)

10M 7.8M
Dec 23, 2024

8-K filing: Professional Diversity Network, Inc. entered into a stock purchase agreement with Aurus Vertex Limited for the purchase of 2,500,000 shares of common stock at $0.60 per share, resulting in gross proceeds of $1.5 million, with a potential subsequent closing for an additional 1,000,000 shares pending stockholder approval. ($1.5M proceeds)

10M 7.8M
Dec 13, 2024

S-3/A filing: Professional Diversity Network, Inc. files an S-3/A registration statement to offer and sell up to $25,000,000 of common stock, preferred stock and warrants from time to time in one or more offerings.

10M 7.8M
Dec 10, 2024

8-K filing: Professional Diversity Network, Inc. purchased a 6% right in QBSG Limited for $1,200,000, including $700,000 cash and $500,000 value of the Company's common stocks, or a total of 1,136,363 shares at a price of $0.44 per share. ($0.5M proceeds)

13M 5.5M
Nov 20, 2024

8-K filing: Professional Diversity Network, Inc. entered into a securities purchase agreement with an institutional investor for the purchase of 1,400,000 shares of common stock and 1,100,000 pre-funded warrants at a price of $0.80 per share (or $0.79 per Pre-Funded Warrant) for aggregate gross proceeds of $1,989,000 in a registered direct offering. ($1.12M proceeds)

13M 5.5M
Nov 14, 2024

10-Q filing | 12.8M shares outstanding

13M 5.5M
Oct 25, 2024

S-3 filing: The company may offer and sell common stock and preferred stock, with an aggregate offering price not exceeding $25,000,000.

9.1M 9.2M
Sep 30, 2024

8-K filing: Professional Diversity Network, Inc. completed the sale of 398,671 shares of common stock to Yu Tian at a price of $0.301 per share for gross proceeds of $120,000 on September 27, 2024. ($0.12M proceeds)

12M 6.6M
Aug 13, 2024

10-Q filing | 11.7M shares outstanding

12M 6.6M
Jul 01, 2024

8-K filing: On June 28, 2024, the Company entered into a stock purchase agreement with Eighty-eight Investment LLC, for the purchase of 1,000,000 shares of the Company's common stock at a purchase price of $0.495 per share, resulting in aggregate proceeds to the Company of $495,000. ($0.5M proceeds)

11M 6.7M
May 15, 2024

10-Q filing | 11.5M shares outstanding

11M 6.7M
Mar 29, 2024

10-K filing | 10.6M shares outstanding

11M 7.6M
Dec 14, 2023

8-K filing: Professional Diversity Network, Inc. closed a stock purchase agreement with Cosmic Forward Limited for the purchase of 122,670 shares of common stock at $1.63 per share, resulting in gross proceeds of $200,000. ($0.2M proceeds)

11M 7.1M
Nov 14, 2023

10-Q filing | 11.1M shares outstanding

11M 7.1M
Aug 14, 2023

10-Q filing | 10.4M shares outstanding

10M 7.8M
Jun 30, 2023

8-K filing: Professional Diversity Network, Inc. entered into a Common Stock Purchase Agreement with Tumim Stone Capital LLC, and on June 30, 2023, issued and sold 469,925 shares at $4.256 per share for gross proceeds of $2,000,000, and issued 176,222 Commitment Shares valued at $4.256 per share. ($2.75M proceeds)

10M 8.2M
May 24, 2023

S-3 filing: This prospectus relates to the resale of up to 333,181 shares of common stock of Professional Diversity Network, Inc. by the selling stockholder.

10M 8.2M
May 15, 2023

10-Q filing | 10.0M shares outstanding

10M 7.9M
Mar 31, 2023

10-K filing | 10.3M shares outstanding

10M 7.6M
Mar 15, 2023

8-K filing: Professional Diversity Network, Inc. entered into a stock purchase agreement with Ms. Yiran Gu for the purchase of 333,181 shares of common stock at $2.10 per share, resulting in gross proceeds of $700,000, to be used for general working capital purposes, with the closing expected on March 16, 2023. ($0.7M proceeds)

9M 8.9M
Jan 19, 2023

S-3 filing: This S-3 filing relates to the resale of up to 1,162,790 shares of common stock of Professional Diversity Network, Inc. by a selling stockholder.

9M 8.9M
Jan 05, 2023
Stock Split

8-K filing: Stock split 2-for-1 | Outstanding: 16,922,988 → 9,000,000

9M 7.7M
Dec 20, 2022

8-K filing: Professional Diversity Network, Inc. closed a stock purchase agreement with Ms. Hongjun Chen for the purchase of 2,325,581 shares of common stock at $0.43 per share, resulting in gross proceeds of $1,000,000. ($1.0M proceeds)

17M 17M
Nov 14, 2022

10-Q filing | 16.9M shares outstanding

17M 17M
Sep 30, 2022

8-K filing: Professional Diversity Network, Inc. purchased 65,700 ordinary shares of Koala Crypto Limited from Koala Malta Limited in exchange for 1,726,784 shares of its common stock in a private placement. ($1.35M proceeds)

16M 17M
Aug 15, 2022

10-Q filing | 16.4M shares outstanding

16M 17M
May 16, 2022

10-Q filing | 16.2M shares outstanding

16M 17M
Mar 31, 2022

10-K filing | 16.3M shares outstanding

16M 17M
Nov 15, 2021

10-Q filing | 16.1M shares outstanding

16M 17M
Oct 18, 2021

S-3 filing: The company is filing an S-3 to offer and sell, from time to time, in one or more offerings, any combination of securities including preferred stock, common stock, warrants, rights and units up to an aggregate offering price of $25,000,000.

15M 18M
Sep 23, 2021

8-K filing: Professional Diversity Network, Inc. sold 948,767 shares of common stock to Cosmic Forward Limited at a price of $1.054 per share for gross proceeds of approximately $1,000,000 in an offshore transaction exempt from registration under Regulation S. ($1.0M proceeds)

15M 0
Aug 16, 2021

10-Q filing | 15.1M shares outstanding

15M 0
Jul 08, 2021

8-K filing: Professional Diversity Network, Inc. sold 1,470,588 shares of common stock at $1.70 per share for gross proceeds of $2,499,999.60 to institutional accredited investors. ($2.5M proceeds)

13M 0
May 17, 2021

10-Q filing | 13.5M shares outstanding

13M 0
Apr 09, 2021

10-K filing | 13.5M shares outstanding

13M 0
Feb 02, 2021

8-K filing: Professional Diversity Network, Inc. entered into an agreement to sell 500,000 shares of common stock to Yiran Gu at a price of $2.00 per share for gross proceeds of $1,000,000, with the closing expected on February 4, 2021. ($1.0M proceeds)

13M 0
Nov 13, 2020

10-Q filing | 12.8M shares outstanding

13M 0
Aug 14, 2020

10-Q filing | 12.8M shares outstanding

13M 0
Jul 29, 2020

8-K filing: Professional Diversity Network, Inc. sold 1,481,484 shares of Common Stock at a price of $1.35 per share for gross proceeds of $2,000,003.40 on July 27, 2020. ($2.0M proceeds)

11M 0
Jun 29, 2020

8-K filing: Professional Diversity Network, Inc. entered into an agreement with Malven Group Limited for the purchase by Malven of 312,500 shares of common stock at a price of $3.20 per share for gross proceeds of $1,000,000, with the closing expected on June 30, 2020. ($1.0M proceeds)

11M 0
May 20, 2020

10-Q filing | 10.9M shares outstanding

11M 0
May 04, 2020

10-K filing | 4.9M shares outstanding

4.9M 0
Mar 27, 2020

8-K filing: Professional Diversity Network, Inc. entered into an agreement with Malven Group Limited for the purchase by Malven of 1,939,237 shares of common stock at a price of $0.7735 per share for gross proceeds of $1,500,000. ($1.5M proceeds)

N/A 0
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