Recent 8-K filings for DLPN
Highest-materiality recent filing
Dolphin Entertainment completes acquisition of Socialyte, files audited financials
- 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
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Dolphin Q2 revenue up 2.5% to $14.4M; net loss widens to $1.6M
Revenue $14.4M (+2.5% YoY); H1 $27.2M (+3.8% YoY).
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Dolphin Entertainment Q1 revenue up 5.2% to $12.8M; net loss $2.7M, adj EBITDA loss improves 25%
Revenue $12.8M (+5.2% YoY); net loss $2.7M ($0.22 loss per share).
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Dolphin Entertainment posts record Q4 and FY 2025 revenue; net loss narrows, EBITDA triples
Full-year 2025 revenue $56.7M (+10% YoY); Q4 revenue $15.6M (+27% YoY).
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Dolphin Entertainment shareholders approve all four proposals at 2025 annual meeting
Elected seven directors: O'Dowd, Negrini, Espensen, Famadas, Bass, Stanham, Grillo with majority support.
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Dolphin Entertainment amends $1M notes, issues $800K new convertible notes
Amended two $500K promissory notes to extend maturity to Aug 26, 2030; conversion price set at $1.07/share.
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Dolphin Q2 revenue $14.1M (+23% YoY); loss narrows; CEO buys >1% of shares
Revenue $14.1M, up 23% from $11.4M YoY; operating loss narrowed to $57K from $1.1M.
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Dolphin Q1 2025: Net loss $2.3M ($0.21/share), core segment revenue up 2%
Net loss of $2.3M ($0.21 per share) vs net loss of $0.3M ($0.04) in Q1 2024; operating loss $1.8M vs operating income $0.2M.
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Dolphin Entertainment raises $1.065M via unregistered convertible notes
Issued 8 convertible notes aggregating $1,065,000 between March 24 and May 6, 2025.
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Dolphin FY 2024 revenue +20% to $51.7M; adjusted operating income turns positive $0.9M
Full-year revenue $51.7M, up 20% from $43M in 2023.
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Dolphin Entertainment raises $625k through unregistered convertible notes
Issued four convertible notes totaling $625,000; 10% annual interest.
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Shareholders approve Series C preferred vote conversion cut from 10 to 3 per share
Amendment reduces votes per common share upon Series C conversion from 10 to 3; effective January 24, 2025.
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Dolphin Entertainment extends $1.5M convertible notes to Jan 2027, floor $1.00
Amended three promissory notes totaling $1.5M principal; maturity extended to January 13, 2027.
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Dolphin Entertainment regains Nasdaq $1.00 minimum bid price compliance
Received Nasdaq letter on Nov 13, 2024 confirming compliance with Listing Rule 5550(a)(2).
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Revenue $12.7M (+24.5% YoY); nine-month $39.4M (+26.6%).
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Nasdaq notifies Dolphin Entertainment of voting rights violation; extension granted
Nasdaq found that 2022 and 2024 Amendments to Series C voting rights (3→5→10 votes) violated Listing Rule 5640.
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CEO Bill O'Dowd purchased $50,000 of DLPN stock in September 2024 at under $0.75/share, doubling down on his investment.
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Dolphin Entertainment effects 1-for-2 reverse stock split to regain Nasdaq minimum bid compliance
Reverse split effective Oct 16, 2024; shares trade split-adjusted same day on Nasdaq under symbol DLPN.
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Dolphin Entertainment files Elle Communications financials for acquisition closed July 15, 2024
Acquisition of Elle closed July 15, 2024; consideration $1.86M cash + 1.92M DLPN shares, plus up to $450K earn-out.
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Shareholders approved a 1-for-2 reverse stock split authorization (not required to implement); 39.5M for, 940K against.
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Dolphin Q2 revenue record $11.4M (+4% YoY); H1 adjusted operating income $0.9M
Q2 2024 revenue $11.4M (record, +4% YoY); net loss $1.6M vs $8.0M in Q2 2023.
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Received Nasdaq deficiency notice on Aug 12, 2024 for failing $1 minimum bid price over 30 consecutive business days.
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Dolphin Entertainment acquires impact PR agency Elle Communications for $2.025M cash + 2.09M shares
Consideration: $2.025M cash at closing, $450K deferred (based on 2024 revenue), and 2,089,783 shares of DLPN common stock.
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Second cash installment of $2,556,452 received on July 9, 2024 from IMAX/Amazon distribution agreement for The Blue Angels documentary.
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Special Projects Media revenue $6.98M in 2022 vs $4.53M in 2021; net income $0.84M vs $1.31M.
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Dolphin Entertainment shareholders elect 7 directors, ratify Grant Thornton
All seven director nominees elected: O'Dowd, Negrini, Espensen, Famadas, Leo, Stanham, Grillo.
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Dolphin Entertainment prices $2.3M public offering of 1.4M shares at $1.65
Offering of 1,400,000 shares of common stock at $1.65 per share; expected gross proceeds ~$2.3M.
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Dolphin Entertainment acquires Special Projects for $5M cash + 2.5M shares
$5M cash plus 2.5M common shares; partially funded with $3M BankUnited term loan.
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Dolphin Entertainment completes acquisition of Socialyte, files audited financials
Acquired Socialyte for $13M plus up to $5M earn-out; paid $5M cash, 1,346,257 shares, $3M promissory note
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Dolphin Entertainment raises $1.85M via convertible notes with 10% interest
Issued five convertible promissory notes to three individuals for aggregate $1.85M.
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Dolphin Entertainment updates outstanding share count to 10,214,052 as of Nov 14, 2022
Dolphin Entertainment has 10,214,052 shares of common stock outstanding as of November 14, 2022.
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Dolphin shareholders approve Series C vote increase and up to $25M Lincoln Park equity facility
Amended Series C terms: conversion votes per common share increased from 3 to 5.
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Dolphin Entertainment dismisses BDO, appoints Grant Thornton as auditor
Dismissed BDO USA LLP as auditor on May 27, 2022, effective immediately.
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Dolphin Entertainment receives second Nasdaq notice for late 10-Q filing
Received Nasdaq notice on May 18, 2022 for failure to timely file Q1 2022 Form 10-Q.
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Error: change in fair value of contingent consideration misclassified as non-operating expense instead of operating income/loss.
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Dolphin Entertainment receives Nasdaq delisting notice for late 10-K filing
Nasdaq notified DLPN on April 19, 2022, for non-compliance with Listing Rule 5250(c)(1) due to delayed 10-K.
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Dolphin Entertainment clarifies share count: 8,080,381 shares as of Feb 8, 2022
Company reports 8,080,381 common shares outstanding as of February 8, 2022.
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Dolphin Entertainment files prospectus supplement for shares under Lincoln Park purchase agreement
Filed prospectus supplement to register common stock issuable under purchase agreement with Lincoln Park Capital Fund, LLC dated Dec 29, 2021.
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Dolphin Entertainment enters up to $25M equity purchase agreement with Lincoln Park Capital
Company may sell up to $25M of common stock over 36 months at its discretion, subject to conditions.
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Shareholders approve 5x increase in authorized common shares to 200 million
Authorized common shares increased from 40M to 200M, approved by 16,708,974 for vs 599,859 against.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.60 · Most common event other_material