Professional Diversity Network (IPDN) shares were rallying Friday after the operator of networks said it has regained compliance with a rule requiring companies listed on the Nasdaq Capital Market to maintain a minimum net worth of at least $2.5 million.

Nasdaq regulators in May warned the company that its shares risked being delisted from the stock exchange after the combined value of its assets offset by its liabilities dropped below Nasdaq's minimum threshold during the three months ended March 31. The company had a six-month window to increase its shareholder equity back the $2.5 million minimum and it received written notice from Nasdaq on Thursday that it had regained compliance.

Separately, Professional Diversity Network has until Dec. 24 to regain compliance with another Nasdaq requirement that requires its shares to close at or above $1.

Price: 0.84, Change: +0.15, Percent Change: +21.43