Nov. 20 at 10:57 PM
$IPDN’s new 8-K shows their
$20M financing deal with Streeterville Capital has a
$1.60 floor, so the company has a strong reason to keep the stock above that. With cash tight and ongoing expenses, this facility acts as a backup to fund operations, Alelo integration, and growth if needed. After moves like the Alelo acquisition, cancelled
$10M offering, and new board members, we could see updates soon on platform growth, user numbers, partnerships, or contract wins. Management is clearly motivated to share these kinds of updates to keep confidence up and make sure they can tap Streeterville’s financing IF they need it. The next few weeks could be interesting as these developments unfold. Would like to hear takes from others on this.
