---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-21-001209"
form_type: "8-K"
ticker: "DLPN"
cik: "0001282224"
company_name: "Dolphin Entertainment, Inc."
filed_at: "2021-12-30T23:59:59+00:00"
generated_at: "2026-06-27T21:38:09.465701+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dolphin Entertainment enters up to $25M equity purchase agreement with Lincoln Park Capital

## Summary
- Company may sell up to $25M of common stock over 36 months at its discretion, subject to conditions.
- Initial commitment fee of 51,827 shares issued; up to 37,019 additional commitment shares possible.
- Regular purchases capped at 50,000 shares/day (75k if price >$10; 100k if >$12.50); purchase price based on recent lows.
- Accelerated purchases allowed up to 3x regular amount or 30% of daily volume at a 4% discount.
- Proceeds expected for working capital and general corporate purposes; no financial covenants or restrictions on future financings.

## SEC filing metadata
- accession: 0001553350-21-001209
- form_type: 8-K
- ticker: DLPN
- cik: 0001282224
- company_name: Dolphin Entertainment, Inc.
- filed_at: 2021-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282224/000155335021001209/0001553350-21-001209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282224/000155335021001209/dlpn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-21-001209
- JSON: https://secwatch.observer/filing/0001553350-21-001209.json
- Plain text: https://secwatch.observer/filing/0001553350-21-001209.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.