secwatch.observer — SEC 8-K summary
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Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K
Filed at:   2021-12-30T23:59:59+00:00
Accession:  0001553350-21-001209
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000155335021001209/0001553350-21-001209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000155335021001209/dlpn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-21-001209

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