Core Points - IZEA Worldwide, Inc. announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 8,700,000 shares at a price of $2.80 per share, which expired on June 16, 2025 [1] - A total of 38,682 shares were properly tendered and accepted for purchase, representing approximately 0.23% of the company's outstanding shares, at an aggregated cost of about $108,310 [2] - Following the tender offer, approximately $8.6 million will remain outstanding under the company's stock repurchase obligations [3] Company Overview - IZEA 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 [5]

Core Points - IZEA Worldwide, Inc. announced a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock at a price of $2.80 per share, which expired on June 16, 2025 [1] - A total of 36,682 shares were properly tendered in the tender offer, representing approximately 0.23% of the company's outstanding shares as of the expiration date [2] - The total cost for the shares expected to be acquired in the tender offer is approximately $108,310, excluding fees and expenses [2] - The final number of shares to be purchased is subject to confirmation by the Depositary and will be announced after the expiration of the guaranteed delivery period [3] Company Overview - IZEA 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 [5]

Core Viewpoint - IZEA Worldwide, Inc. plans to initiate a modified "Dutch auction" tender offer to repurchase up to $8,700,000 of its common stock [1][2]. Group 1: Tender Offer Details - The tender offer will purchase shares at a price between $2.30 and $2.80 per share, with the maximum price being approximately 120% of the 90-day volume-weighted average purchase price of $2.29 per share as of May 12, 2025 [2]. - The offer will commence on May 16, 2025, and will expire at 5:00 p.m. Eastern Time on June 16, 2025, unless extended or terminated [2]. - Stockholders can tender some or all of their shares at a price within the specified range, and all accepted shares will be purchased at the same price, determined by the lowest single per-share price that allows the company to purchase up to the maximum dollar amount [3]. Group 2: 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].

Core Insights - IZEA Worldwide, Inc. reported a strong performance in Q1 2025, with a 15% increase in total revenue to $8.0 million compared to $7.0 million in Q1 2024, indicating effective implementation of its new strategies [5][8] - The company nearly broke even with a net loss of $0.1 million, a significant improvement from a net loss of $3.3 million in the same quarter last year [9][22] - Adjusted EBITDA improved to $(0.1) million from $(3.4) million year-over-year, showcasing progress towards profitability [9][26] Financial Performance - Total revenue increased by 15% to $8.0 million in Q1 2025, driven by a 28% rise in revenue from Managed Services customers, which reached $7.9 million [5][8] - Revenue from SaaS Services saw a significant decline of 76% to $60,953 due to paused marketing efforts during the business transformation [5][8] - Total costs and expenses decreased by 22% to $8.6 million, down from $11.0 million in the prior-year quarter, reflecting cost-cutting measures [8][22] Operational Highlights - The company generated cash in Q1 2025, with cash, cash equivalents, and investments totaling $52.2 million, an increase of $1.1 million year-to-date [10][22] - Managed Services bookings totaled $7.5 million, compared to $9.3 million in the previous year, indicating a focus on core operations [8] - The company successfully recruited Frank Carvalho as EVP Sales and Marketing to enhance customer growth and marketing innovation [8] Strategic Initiatives - IZEA launched a new homepage for IZEA.com, emphasizing its service offerings and key industry verticals [8] - The company secured new business from notable clients such as Nestle, Acer, and Jeep, further solidifying its market position [8] - A stock repurchase program was initiated, with 180,486 shares purchased at an average price of $2.44, totaling an investment of $0.4 million in Q1 2025 [11]