---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-23-000051"
form_type: "8-K"
ticker: "DLPN"
cik: "0001282224"
company_name: "Dolphin Entertainment, Inc."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:30:25.330208+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dolphin Entertainment completes acquisition of Socialyte, files audited financials

## Summary
- Acquired Socialyte for $13M plus up to $5M earn-out; paid $5M cash, 1,346,257 shares, $3M promissory note
- Socialyte is a NY/LA creative agency specializing in social media influencer marketing campaigns
- Filed audited Socialyte balance sheets as of Dec 2021/2022 and unaudited nine-month statements through Sep 2022
- Socialyte reported net revenue of $4.6M and net income of $475k for nine months ended Sep 30, 2022
- Acquisition partly financed via $3M secured term loan from BankProv at 7.37% interest over five years

## SEC filing metadata
- accession: 0001553350-23-000051
- form_type: 8-K
- ticker: DLPN
- cik: 0001282224
- company_name: Dolphin Entertainment, Inc.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282224/000155335023000051/0001553350-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282224/000155335023000051/dlpn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-23-000051
- JSON: https://secwatch.observer/filing/0001553350-23-000051.json
- Plain text: https://secwatch.observer/filing/0001553350-23-000051.txt

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