---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001395"
form_type: "8-K"
ticker: "DLPN"
cik: "0001282224"
company_name: "Dolphin Entertainment, Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:15:38.542730+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dolphin Entertainment acquires Special Projects for $5M cash + 2.5M shares

## Summary
- $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.

## SEC filing metadata
- accession: 0001079973-23-001395
- form_type: 8-K
- ticker: DLPN
- cik: 0001282224
- company_name: Dolphin Entertainment, Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282224/000107997323001395/0001079973-23-001395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282224/000107997323001395/dlpn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001395
- JSON: https://secwatch.observer/filing/0001079973-23-001395.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001395.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282224/000107997323001395/0001079973-23-001395-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.