IZEA Announces Commencement of a Modified Dutch Auction Tender Offer to Repurchase up to $8.7M of its Common Stock

Core Viewpoint - IZEA Worldwide, Inc. has initiated a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock, indicating a strategic move to enhance shareholder value [1][2]. Offer Details - The tender offer price ranges from $2.30 to $2.80 per share, with the maximum price set at approximately 120% of the 90-day volume-weighted average purchase price of $2.29 per share as of May 12, 2025 [2]. - The offer period starts on May 16, 2025, and will conclude at 5:00 p.m. Eastern Time on June 16, 2025, unless extended or terminated [2]. Tender Process - Stockholders can tender some or all of their shares within the specified price range, and the lowest single per-share price will be determined based on the number of shares tendered [3]. - All shares accepted in the offer will be purchased at the same price, irrespective of the tendering price [3]. Regulatory Compliance - The offer is being conducted in accordance with an Offer to Purchase and related materials that will be filed with the Securities and Exchange Commission (SEC) [4]. Company Overview - IZEA Worldwide, Inc. is an influencer marketing company focused on creating solutions for the Creator Economy, having facilitated nearly 4 million collaborations between brands and creators since its inception in 2006 [6].