secwatch.observer — SEC 8-K summary
======================================

Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001079973-23-000085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dolphin Entertainment raises $1.85M via convertible notes with 10% interest
---------------------------------------------------------------------------

- Issued five convertible promissory notes to three individuals for aggregate $1.85M.
- Notes bear 10% interest; two notes at $450K mature in 4 years, remaining three mature in 2 years.
- Conversion based on 90-day trailing avg trading price; floor $2.50 on one note, $2.00 on others.
- Proceeds of $1.85M received in cash; securities sold under Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000107997323000085/0001079973-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000107997323000085/dlpn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer