SCHEDULE 13G/A: Armistice Capital and Steven Boyd Disclose 4.99% Stake in Professional Diversity Network

Armistice Capital, LLC and its managing member Steven Boyd have filed an amended Schedule 13G, reporting a beneficial ownership of 4.99% in Professional Diversity Network, Inc.'s common stock as of March 31, 2025.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the 'Reporting Persons,' have filed an Amendment No. 1 to Schedule 13G.
• The filing pertains to their beneficial ownership of Common Stock, $0.01 par value per share, of Professional Diversity Network, Inc.
• As of March 31, 2025, the Reporting Persons beneficially own an aggregate of 103,459 shares of Professional Diversity Network, Inc. common stock.
• This ownership represents 4.99% of the issuer's class of securities.
• Armistice Capital, LLC, a Delaware entity, serves as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• Both Armistice Capital, LLC and Steven Boyd share voting and dispositive power over all 103,459 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's operational or financial performance. It is a routine regulatory filing.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment firm and its principal, indicating a passive investment stake in Professional Diversity Network, Inc. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares. Steven Boyd is the managing member of Armistice Capital, LLC. The Master Fund disclaims beneficial ownership due to its investment management agreement with Armistice Capital.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes by institutional investors and their principals, which can influence market perception and liquidity.

Key Dates

Keywords

Professional Diversity Network Inc., Armistice Capital LLC, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management