Dolphin Entertainment receives Nasdaq delisting notice for bid price; plans reverse split vote on Sept 24, 2024

Dolphin Entertainment, Inc.

Received Nasdaq deficiency notice on Aug 12, 2024 for failing $1 minimum bid price over 30 consecutive business days.
Must achieve closing bid price of $1+ for 10 consecutive business days by Feb 10, 2025 to regain compliance.
Will seek shareholder approval at Sept 24, 2024 annual meeting for a 1-for-2 reverse stock split.
If not compliant by Feb 10, may qualify for additional 180-day grace period if other listing standards met.

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