Dolphin Entertainment effects 1-for-2 reverse stock split to regain Nasdaq minimum bid compliance

Dolphin Entertainment, Inc.

Reverse split effective Oct 16, 2024; shares trade split-adjusted same day on Nasdaq under symbol DLPN.
Outstanding shares reduced from ~22.2M to ~11.1M; no fractional shares – rounding to whole share applied.
Split aimed at regaining Nasdaq $1.00 minimum bid price continued listing requirement.
Authorized shares unchanged at 200M; CUSIP changed to 25686H 308.
Shareholder approval obtained at Sept 25, 2024 annual meeting; transfer agent provides exchange instructions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Dolphin Entertainment, Inc.: Reverse stock split at 1-for-2 ratio, effective October 16, 2024, approved via Articles of Amendment to the Amended and Restated Articles of Incorporation (effective 2024-10-16).

Change: charter amendment
Effective: 2024-10-16

Exact text from the filing

The Articles of Amendment became effective at 12:01 a.m. on October 16, 2024.

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Dolphin Entertainment, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-24-001415

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