secwatch.observer — SEC 8-K summary
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Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001079973-24-001083
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dolphin Entertainment acquires impact PR agency Elle Communications for $2.025M cash + 2.09M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000107997324001083/0001079973-24-001083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000107997324001083/dlpn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-001083

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