Dolphin Entertainment, Inc. (DLPN): M&A transaction — Dolphin Entertainment acquires impact PR agency Elle Communications for $2.025M cash + 2.09M shares

Dolphin Entertainment, Inc.

Consideration: $2.025M cash at closing, $450K deferred (based on 2024 revenue), and 2,089,783 shares of DLPN common stock.
Elle Communications becomes division of 42West, joining Dolphin's PR agencies (Shore Fire, The Door, etc.).
Seller Danielle Finck signs 4-year employment agreement; shares subject to 2-year lock-up with leak-out provisions.
Transaction closed July 15, 2024; financial statements and pro forma to be filed within 71 days.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

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 Danielle Finck for $2,025,000 in cash and issued 2,089,783 shares of common stock (closed 2024-07-15).

Action: acquisition
Counterparty: Danielle Finck
Consideration: $2,025,000 in cash and issued 2,089,783 shares of common stock
Closing: 2024-07-15

Exact text from the filing

and between the Company and Danielle Finck (the “ Seller ”). Elle is a California-based communications agency. On the Closing Date, the Company paid the Seller an aggregate of $2,025,000 in cash and issued 2,089,783 shares of common stock of the Company, par value $0.015 (the “ Common Stock ”) to the Seller, as consideration for the acquisition of Elle, which

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Dolphin Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-24-001083

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