Current Report Filing (8-k)
November 26 2019 - 5:30PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): November 25, 2019
Professional
Diversity Network, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Delaware
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001-35824
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80-0900177
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(State
of other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification Number)
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801
W. Adams Street, Sixth Floor, Chicago, Illinois
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60607
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (312) 614-0950
(Former
name or former address if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
8.01 Other Events.
On
November 25, 2019, PDN (China) International Culture Development Co. Ltd. (“PDN China”), a wholly-owned subsidiary
of Professional Diversity Network, Inc. (the “Company”), received a Seizure Decision Notice (the “Notice”)
from the Yuexiu District Branch of the Police Department of Guangzhou City. The Notice stated that it is necessary to seize the
assets of PDN China in connection with the criminal investigation of alleged illegal public fund raising by Gatewang Group, a
separate company organized under the laws of the People’s Republic of China, with which certain former officers of the Company
who are affiliated with Cosmic Forward Limited, a major shareholder of the Company, may have a relationship. The Chinese authority
also advised the employees of PDN China to not come to work pending further notice. As a result, operations of PDN China are suspended
for now.
The
Company is actively investigating the situation and exploring alternatives.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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Date:
November 26, 2019
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PROFESSIONAL DIVERSITY NETWORK, INC.
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By:
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/s/
Xin (Adam) He
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Xin
(Adam) He
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Interim
Chief Executive Officer and Chief Financial Officer
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