debt
confidence high
sentiment neutral
materiality 0.30
Dolphin Entertainment raises $625k through unregistered convertible notes
Dolphin Entertainment, Inc.
- Issued four convertible notes totaling $625,000; 10% annual interest.
- Notes mature in 2 to 5 years; conversion prices based on trailing averages or fixed per-share prices.
- Conversion prices range from $1.01 to $1.11, with some floors based on closing prices.
- Proceeds of $625,000 received; securities issued under Section 4(a)(2) exemption.