secwatch.observer — SEC 8-K summary
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Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K/A
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001553350-24-000120
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dolphin Entertainment files Elle Communications financials for acquisition closed July 15, 2024
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- Acquisition of Elle closed July 15, 2024; consideration $1.86M cash + 1.92M DLPN shares, plus up to $450K earn-out.
- Elle's FY2023 revenue $3.32M, net income $645K; H1 2024 revenue $1.72M, net income $195K (unaudited).
- Pro forma combined financials filed assuming acquisition occurred Jan 1, 2023; for illustrative purposes only.
- Grant Thornton LLP audited Elle's FY2023 financials with unqualified opinion.
- Elle is a California-based PR firm specializing in social and environmental impact clients.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000155335024000120/0001553350-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000155335024000120/dlpn_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001553350-24-000120

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