Professional diversity network, inc. announces agreement to acquire interests in remotemore usa, inc., a provider of remote-hiring marketplaces

Chicago, march 26, 2021 (globe newswire) -- professional diversity network, inc. (nasdaq: ipdn), (“pdn” or the “company”), a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals, today announced that it has entered into a stock purchase agreement to acquire equity interests in remotemore usa, inc. (“remotemore”), an innovative company that provides remote-hiring marketplace services for developers and companies. the transaction is subject to satisfaction of closing conditions and is expected to close in the second quarter of 2021. upon completion the company will have ability to become remotemore's largest shareholder and obtain significant influence on its operations.
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