Izea announces preliminary results of modified dutch auction tender offer

IZEA (IZEA) Worldwide announced the preliminary results of its modified “Dutch auction” tender offer to repurchase up to $8,700,000 of its common stock at a price of $2.80 per share, less any applicable withholding taxes and without interest, using cash on hand. The Offer expired at 5:00 P.M., Eastern time, on June 16. Based on the preliminary count by Broadridge Financial Solutions, the depositary for the Tender Offer, a total of 36,682 shares were properly tendered and not properly withdrawn in the Tender Offer. In accordance with the terms and conditions of the Tender Offer, and based on the preliminary count by the Depositary, the Company expects to acquire 36,682 shares in the Tender Offer for an aggregated cost of approximately $108,310, excluding all fees and expenses. The shares to be acquired pursuant to the Tender Offer represent approximately 0.23% of the Company’s outstanding shares as of June 16, 2025.