<SEC-DOCUMENT>0001213900-24-068353.txt : 20240813
<SEC-HEADER>0001213900-24-068353.hdr.sgml : 20240813
<ACCEPTANCE-DATETIME>20240813170003
ACCESSION NUMBER:		0001213900-24-068353
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240813
DATE AS OF CHANGE:		20240813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PALTALK, INC.
		CENTRAL INDEX KEY:			0001355839
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				203191847
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38717
		FILM NUMBER:		241202660

	BUSINESS ADDRESS:	
		STREET 1:		30 JERICHO EXECUTIVE PLAZA
		STREET 2:		SUITE 400E
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753
		BUSINESS PHONE:		(212) 594-5050

	MAIL ADDRESS:	
		STREET 1:		30 JERICHO EXECUTIVE PLAZA
		STREET 2:		SUITE 400E
		CITY:			JERICHO
		STATE:			NY
		ZIP:			11753

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PeerStream, Inc.
		DATE OF NAME CHANGE:	20180312

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Snap Interactive, Inc
		DATE OF NAME CHANGE:	20071121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	eTwine Holdings, Inc
		DATE OF NAME CHANGE:	20060310
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ea0211279-defa14a_paltalk.htm
<DESCRIPTION>SOLICITING MATERIAL UNDER 240.14A-12
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section&nbsp;14(a)<BR>
of the Securities Exchange&nbsp;Act&nbsp;of&nbsp;1934</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 38%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed by the Registrant</FONT></TD>
    <TD STYLE="width: 62%; font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed by a Party other than the Registrant</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary Proxy Statement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Proxy Statement</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Additional Materials</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting Material Under </FONT><FONT STYLE="font-size: 10pt">&sect; <FONT STYLE="font-family: Times New Roman, Times, Serif">240.14a-12</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PALTALK, INC.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Registrant as Specified In Its Charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Person(s)&nbsp;Filing Proxy Statement,
if other than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment of Filing Fee (Check all boxes that apply):</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No fee required.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee paid previously with preliminary materials. </FONT></TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee computed on table in exhibit required by Item&nbsp;25(b)&nbsp;per Exchange&nbsp;Act Rules 14a-6(i)(1)&nbsp;and&nbsp;0-11</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 13, 2024, Paltalk, Inc. (the &ldquo;<B><I>Company</I></B>&rdquo;)
held a conference call and audio webcast to provide stockholders with corporate updates and to discuss the Company&rsquo;s financial results
for the quarter ended June 30, 2024 (the &ldquo;<B><I>Earnings Call</I></B>&rdquo;). Excerpts from the transcript of the Earnings Call
containing information relating to the Company&rsquo;s 2024 Annual Meeting of Stockholders (the &ldquo;<B><I>Annual Meeting</I></B>&rdquo;)
can be found below:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jason Katz &ndash; Paltalk, Inc. &ndash; Chairman
and Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;We are very pleased to announce that we
entered into an agreement to acquire Newtek Technology Solutions, Inc. (&ldquo;<B><I>NTS</I></B>&rdquo;) a wholly owned subsidiary of
NewtekOne, Inc. NTS provides dedicated server hosting, cloud hosting, managed security, and other related services including consulting
and implementing technology solutions for enterprise and commercial clients across the U.S. This is a transformational acquisition for
Paltalk that we believe will provide excellent value for our stockholders. We expect that the acquisition, once completed, will have an
immediate and meaningful impact on our revenue, since NTS&rsquo; revenue in 2023 was approximately three times greater than Paltalk&rsquo;s
2023 revenue. We also expect the acquisition to provide enhanced opportunities for future growth and optimization. We are extremely excited
to enter the cloud infrastructure and cybersecurity sectors with the acquisition of a business we deem ripe for growth both organically
and through potential accretive acquisitions in the future. Given our management team&rsquo;s extensive technology expertise that has
been demonstrated throughout the years, we are confident in our ability to integrate, operate and grow this business and enhance stockholder
value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Now on to our second
quarter results...&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Important Information About the Transactions and Where to Find It</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the acquisition and related
transactions, the Company intends to file preliminary and definitive proxy statements and other materials with the Securities and Exchange
Commission (the &ldquo;<B><I>SEC</I></B>&rdquo;). In addition, the Company may also file other relevant documents with the SEC regarding
the proposed transactions. <B>INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE AND ANY OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. </B>The definitive
proxy statement and other relevant documents will be sent or given to the Company&rsquo;s stockholders as of the record date established
for voting. Investors and stockholders may also obtain a free copy of the proxy statement (when available) and other documents filed by
the Company at its website, www.paltalk.com, or at the SEC&rsquo;s website, www.sec.gov. The proxy statement and other relevant documents
may also be obtained for free from the Company by directing such request to the Company, to the attention of the Investor Relations, 30
Jericho Executive Plaza, Suite 400E Jericho, New York 11753.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company and its respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from the Company&rsquo;s stockholders in connection with the
proposed transactions. Investors and stockholders may obtain more detailed information regarding the names, affiliations and interests
of the Company&rsquo;s directors and executive officers by reading the Company&rsquo;s Annual Report on Form 10-K for the fiscal year
ended December 31, 2023, which was filed with the SEC on March 15, 2024. To the extent holdings of common stock by the Company&rsquo;s
directors and executive officers have changed from the amounts of common stock held by such persons as reflected in the Company&rsquo;s
Annual Report on Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the
SEC. Additional information regarding potential participants in such proxy solicitation and a description of their direct and indirect
interests, by security holdings or otherwise, will be included in the proxy statement and other relevant materials filed with the SEC
in connection with the proposed transactions when they become available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain statements contained in this disclosure
constitute &ldquo;forward-looking statements&rdquo; as defined in Section 27A of the Securities Act and Section 21E of the Exchange Act,
that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as
&ldquo;anticipate,&rdquo; &ldquo;assume,&rdquo; &ldquo;began,&rdquo; &ldquo;believe,&rdquo; &ldquo;budget,&rdquo; &ldquo;continue,&rdquo;
&ldquo;could,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;forecast,&rdquo; &ldquo;goal,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo;
&ldquo;plan,&rdquo; &ldquo;potential,&rdquo; &ldquo;predict,&rdquo; &ldquo;project,&rdquo; &ldquo;seek,&rdquo; &ldquo;should,&rdquo; &ldquo;target,&rdquo;
&ldquo;would&rdquo; and variations of such words and similar expressions are intended to identify such forward-looking statements. Investors
are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially
from those projected in the forward-looking statements. Forward-looking statements in this disclosure may include, but are not limited
to, statements relating to (i) the Company&rsquo;s future business objectives, (ii) the proposed transactions and their expected timing
and closing, including receipt of required approvals, (iii) estimates of future synergies, savings and efficiencies, (iv) expectations
regarding the Company&rsquo;s ability to effectively integrate assets and properties it may acquire as a result of the proposed transactions,
(v) expectations regarding future investments or divestitures, and (vi) expectations of future plans, priorities, focus and benefits of
the proposed transactions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the
control of the Company, including but not limited to (i) the ability of the parties to consummate the proposed transactions in a timely
manner or at all, (ii) satisfaction of the conditions precedent to consummation of the acquisition, including the ability to secure required
consents and regulatory approvals in a timely manner or at all, and approval by the Company&rsquo;s stockholders of the transactions contemplated
by the acquisition agreement, (iii) the possibility of litigation (including related to the proposed transactions), (iv) the Company&rsquo;s
ability to defend its intellectual property rights and (v) other risks described in the Company&rsquo;s SEC filings. The Company does
not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events
or otherwise, except as required by applicable securities laws. All forward-looking statements are based on management&rsquo;s estimates,
projections and assumptions as of the date hereof. More information on potential factors that could affect the Company&rsquo;s financial
results will be included in the preliminary and the definitive proxy statements that the Company intends to file with the SEC in connection
with its solicitation of proxies for the Annual Meeting to be held to approve the proposed transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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