Professional Diversity Network, Inc. (IPDN) today announced the stock purchase agreement with RemoteMore USA, Inc., a remote hiring Marketplace provider, after which the IPDN stock price pushed by 2.36% to reach $2.60 a share at the time of this writing. At the previous closing, the IPDN stock was down by 6.96% with a $2.54 per share price. So what you need to know now?
Agreement between IPDN and RemoteMore USA, Inc.
The stock purchase agreement between IPDN and RemoteMore USA, Inc explains that the former will get the equity interests in later. This transaction is expected to close in the second quarter of 2021 subjected to satisfactory closing conditions. After closing, IPDN will be able to become the largest shareholder of RemoteMore and will play an influential role in its(RemoteMore) operations.
Previous Event by Professional Diversity Stock.
About a month ago, Professional Diversity announced the new business strategy for International Association of Women Business unit according to which IPDN replaced the previous tele marketing business model to an online membership acquisition model. The purpose of this shift was to increase productivity and reducing operational cost in addition to the alignment with IPDN’s overall long-term strategy and maximizing profitability. The workforce was downsized by nearly 50% due to this shift.
Here is what you know about the IDPN stock.
- Professional Diversity Network, Inc. (IPDN) is operating as an online professional networking community having career resources in the United States of America.
- IDPN has two operating segments i.e.,Professional Diversity Network and National Association of Professional Women.
- IDPN provides a diverse set of services from recruitment services in various fields to marketing solutions.
- Professional Diversity is partnered with Phala Network for the development of data security-related applications.
- Professional Diversity Network, Inc was founded in 2003 and its headquarters is in Chicago, Illinois.
It seems that investors are responding to the news related to stock purchase agreement by the IDPN stock. Professional Diversity is deeply focused on the development and expansion of the overall business in this virtual and remote working era. In a nutshell, IDPN stock can be a good bet for investors having long term prospects.