IPDN

Recognition and Awards: TalentAlly has been recognized as a finalist for two Digital Job Advertising Excellence (DJAx) Awards, specifically for the Technology Innovation Award and Best Customer Success Team Award, highlighting its commitment to innovative recruitment solutions and exceptional client support.

AI-Powered Hiring Solutions: The company has partnered with AI Geometric to offer AI-driven tools for job seekers, including virtual interview practice and resume reviews, aimed at enhancing the hiring process for both candidates and employers.

Introduction of Clearance Match: Expo Experts has launched Clearance Match, a platform designed to connect employers with job seekers who have active security clearance and relevant work experience, addressing the rising demand for cleared talent in the job market.

Benefits for Employers and Job Seekers: The platform simplifies the hiring process by reducing costs associated with obtaining security clearance and allows job seekers to find tailored career opportunities, enhancing their earning potential while meeting employer requirements efficiently.

Trading Halt: Professional Diversity Network (IPDN) has had its trading halted due to pending news.

Investment Announcement: The company has ended a stock purchase agreement and invested $1.3 million in AI Geometric.

Investment Announcement: Professional Diversity Network, Inc. has made a strategic $1.3 million investment in AI Geometric Ltd., acquiring a 13% equity stake to enhance its TalentAlly recruitment platform with advanced AI technologies for job applications and candidate screening.

Impact on Job Market: This collaboration aims to improve the recruitment process by empowering job seekers and employers, facilitating direct communication through AI tools, and ultimately striving to achieve 1 million job placements by 2026, addressing global unemployment challenges.

Securities Offering Announcement: Professional Diversity Network, Inc. has entered into a securities purchase agreement to sell 2.5 million shares of common stock at $0.80 per share, along with warrants for additional shares, expecting gross proceeds of approximately $2 million for general working capital.

Company Overview: The company focuses on providing networking, training, and employment opportunities for diverse professionals, operating various business units including the International Association of Women and RemoteMore USA, Inc.

Partnership Announcement: TalentAlly LLC has partnered with AI Geometric Ltd. to provide job seekers with three free AI-powered virtual interview practice sessions, enhancing candidate readiness and streamlining the hiring process for employers.

Benefits of Collaboration: This collaboration aims to improve user engagement, create new revenue streams, and offer deeper insights into candidates' skills and cultural fit, ultimately benefiting both job seekers and employers in the recruitment landscape.

New Appointments at Caravelle International Group: Caravelle International Group has appointed Jinyu Chang as Chairman of the Board and Xin He as an independent director and Chair of the Audit Committee, aiming to enhance internal management systems and promote ocean carbon neutrality.

Background of New Leaders: Jinyu Chang brings over 20 years of experience in smart city development, while Xin He has a strong background in finance and executive roles, including significant projects like the Vista Tower in Chicago and the acquisition of AMC Entertainment.

Rebranding Announcement: Professional Diversity Network, Inc. has rebranded its job board operations to TalentAlly, which will operate as a standalone subsidiary aimed at enhancing diversity recruitment and inclusive hiring practices.

Growth and Commitment: Despite challenges in the recruitment market, PDN's job board service revenue increased by 3.2% in the first half of the year, prompting the company to focus on expanding its network and resources for diverse job seekers and employers committed to diversity, equity, and inclusion (DEI).

Earnings Report: Professional Diversity (NASDAQ:IPDN) reported a second quarter 2024 earnings per share of -5 cents and revenue of $1.69 million.

Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to provide automated coverage of quarterly earnings reports, ensuring timely dissemination of key financial figures without human intervention.

Financial Performance Overview: Professional Diversity Network, Inc. reported an 8.2% decrease in total revenues for Q2 2024 compared to the previous year, primarily due to reduced demand for contracted software development, while recruitment services saw a 3.2% revenue increase.

Cost Reduction Efforts: The company successfully reduced operational costs by 24.4%, leading to a net loss from continuing operations of approximately $586,000 for Q2 2024, which is an improvement from a net loss of $1,432,000 during the same period last year.

Board Appointment: Professional Diversity Network, Inc. has appointed Katherine Lauderdale to its Board of Directors, where she will also serve as Chair of the Compensation Committee and a member of the Nominating and Corporate Governance Committee, effective August 1, 2024.

Resignation Announcement: Courtney C. Shea will resign from her positions on the Board and various committees effective August 1, 2024, with the company confirming that her departure was not due to any disagreements.

Top Gainers:

• Volcon (VLCN) stock surges over 78% with heavy pre-market trading.
• Senti Biosciences (SNTI) shares soar more than 47% in early morning trading.
• GlycoMimetics (GLYC) stock jumps over 39% alongside insider buying.
• Anew Medical (LEAS) shares gain over 38% without clear news.
• Nukkleus (NUKK) shares increase by more than 24% in pre-market trading.

Top Losers:

• Faraday Future (FFIE) stock plummets over 25% due to plans for a reverse stock split.
• Concord Medical Services (CCM) shares dive more than 22% after a massive rally.
• Beyond Air (XAIR) stock tumbles over 19% on lackluster Q4 earnings.
• MicroAlgo (MLGO) shares retreat more than 19% after rallying previously.
• SolarEdge Technologies (SEDG) stock takes a beating of over 16% on a $300 million private offering.

• Spectaire Holdings Inc rose by 110%.
• DermTech, Inc. gained 105.5% after filing for Chapter 11 protection.
• Trinity Place Holdings Inc. shares rose by 35.7%.
• Barinthus Biotherapeutics PLC – ADR shares increased by 25.5%.
• Zoomcar Holdings, Inc. rose by 22.5%.

• Psyence Biomedical Ltd. fell by 23.6%.
• Professional Diversity Network, Inc. dropped by 21.1%.
• SMX (Security Matters) Public Limited Company shares declined by 18.5%.
• Ensysce Biosciences, Inc. fell by 17.6%.
• Reliance Global Group, Inc. shares decreased by 16.8%.

Biggest Pre-Market Stock Movers:

• Spectaire (NASDAQ:SPEC) stock surges over 111% on letter, settlement, and asset purchase agreements.
• Trinity Place (NYSEMKT:TPHS) shares soar by more than 52% with heavy pre-market trading.
• DermTech (NASDAQ:DMTK) stock jumps over 45% despite a recent bankruptcy filing.
• Sarepta Therapeutics (NASDAQ:SRPT) gains more than 37% on expanded regulator approval.
• Kintara Therapeutics (NASDAQ:KTRA) stock increases by 27% with strong early morning trading.

10 Top Losers:

• Abacus Life (NASDAQ:ABL) stock dives over 23% after pricing a public offering.
• Psyence Biomedical (NASDAQ:PBM) shares tumble 20% on Friday morning.
• Professional Diversity (NASDAQ:IPDN) stock drops over 18% with strong early morning trading.
• Kaival Brands Innovations (NASDAQ:KAVL) shares slide more than 17% on Friday morning.
• QXO (NASDAQ:QXO) stock decreases by 16% today.

Science Applications International Corporation (SAIC):

• Reported a 9% revenue decline in the fiscal first quarter of 2025, leading to an 11% drop in shares.
• Adjusted EPS was $1.92, in line with analyst estimates.

Stock Movements:

• Microbot Medical Inc. and Bio-Path Holdings saw significant stock jumps.
• GameStop Corp. shares climbed after Roaring Kitty shared his position on Reddit.
• Several other companies experienced notable gains, including Professional Diversity Network and MarineMax, among others.

Stock Declines:

• Various companies faced declines, such as CalAmp Corp., Ault Disruptive Technologies Corporation, CNS Pharmaceuticals, and more.
• The Boston Beer Company shares fell following sale speculation reports.

Other Market Updates:

• AMC Entertainment Holdings and Novavax saw gains.
• Dell Technologies reported a decline despite upbeat earnings and sales results.

Industry Developments:

• GSK plc plans to appeal a ruling regarding ranitidine litigation.
• Lattice Semiconductor announced an interim CEO following leadership changes.

Leadership Changes at Professional Diversity Network, Inc.:

• Megan Bozzuto appointed as Interim Chief Financial Officer.
• Russell Esquivel Jr. appointed as Chief Revenue Officer.
• Both appointments aim to drive financial excellence and sustainable growth.

About Professional Diversity Network, Inc.:

• PDN develops and operates networks for diverse professionals.
• Provides access to networking, training, educational, and employment opportunities.
• Mission is to be the standard in business diversity recruiting globally.

Forward-Looking Statements:

• PDN's view of future expectations, plans, and prospects.
• Forward-looking statements made under U.S. Private Securities Litigation Reform Act.
• Includes projections of earnings, revenue, and other financial items.