Dolphin Entertainment, Inc. (DLPN): M&A transaction — Dolphin Entertainment acquires Special Projects for $5M cash + 2.5M shares

Dolphin Entertainment, Inc.

$5M cash plus 2.5M common shares; partially funded with $3M BankUnited term loan.
Co-founders Nicole Vecchiarelli and Andrea Oliveri remain as co-CEOs under four-year employment agreements.
Special Projects is a leading talent booking, creative content, and event production agency.
Client roster includes A24, Apple TV+, Chanel, Netflix, and other major brands.
Deal described as immediately accretive; Dolphin's collection now includes six specialty agencies.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Dolphin Entertainment, Inc. completed an acquisition involving Special Projects Media LLC for $5,000,000 in cash and issued 2,500,000 shares of common stock (closed 2023-10-02).

Action: acquisition
Counterparty: Special Projects Media LLC
Consideration: $5,000,000 in cash and issued 2,500,000 shares of common stock
Closing: 2023-10-02

Exact text from the filing

the “ Sellers ”). Special Projects is a New York-based talent booking and creative content agency. On the Closing Date, the Company paid the Sellers an aggregate of $5,000,000 in cash and issued 2,500,000 shares of common stock of the Company, par value $0.015 (the “ Common Stock ”) to the Sellers, as consideration for the acquisition of Special

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Dolphin Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001395

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