Failure to Satisfy Listing Rule Form 8 K

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

As previously disclosed, on May 21, 2024, Professional Diversity Network, Inc. (the "Company") received a letter from The Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1), because it reported stockholders' equity of less than $2.5 million in its Quarterly ‎Report on Form 10-Q for the period ended March 31, 2024, and it did not meet the alternative tests for market ‎value of listed securities or net income from continuing operations. In accordance with the letter, within 45 days of receipt of the letter, the Company submitted a plan to regain ‎compliance with the minimum stockholders' equity standard. Based on the Nasdaq staff's review of the ‎Company's plan, Nasdaq granted the Company an extension of 180 calendar days from the date of the original notification ‎letter to regain compliance‎.

On November 21, 2024, the Company received a letter from Nasdaq informing the Company that, based on the Company's Current Report on Form 8-K filed November 20, 2024, the Nasdaq Staff has determined that the Company complies with Nasdaq Listing Rule 5550(b)(1). The Company understands that if it fails to evidence continued compliance as of its next periodic report filed with the Securities and Exchange Commission (i.e., its Annual Report on Form 10-K for the fiscal year ending December 31, 2024), the Company may be subject to delisting, in which event Nasdaq Staff would provide written notification to the Company, which may then appeal the determination to a listing panel.

See the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2024, regarding a notification of noncompliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2).