Business
Dolphin Entertainment, Inc. Announces Partial Exercise and Closing of Over-Allotment Option in Connection with its Underwritten Public Offering
MIAMI, FL / ACCESSWIRE / December 4, 2023 / Dolphin Entertainment, Inc. ("Dolphin Entertainment" or the "Company") (NASDAQ:DLPN), a leader in entertainment
About this update from Dolphin Entertainment, Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / December 4, 2023 / Dolphin Entertainment, Inc. (\"Dolphin Entertainment\" or the \"Company\") (NASDAQ:DLPN), a leader in entertainment marketing, today announced that it has completed the sale of an additional 42,150 shares of common stock at the public offering price of $1.65 per share, pursuant to the partial exercise by the underwriter of the over-allotment option granted to it in connection with the Company's public offering that closed on November 2, 2023. The Company expects to receive additional gross proceeds of approximately $69,547, before deducting underwriting discounts and commissions.Maxim Group LLC acted as sole book-running manager for the offering.The offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-273431) previously filed with the U.S. Securities and Exchange Commission (\"SEC\"), which was declared effective on August 3, 2023. The final terms of the offering were disclosed in a final prospectus supplement, which was filed with the SEC on November 1, 2023. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by email at [email protected] or telephone at (212) 895-3745.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.About Dolphin Entertainment, Inc.Dolphin Entertainment is a leading independent entertainment marketing and production company. Through our subsidiaries 42West, The Door and Shore Fire Media, we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the film, television, music, gaming and hospitality industries. All three PR firms have been ranked among the most recent Observer's \"Power 50\" PR Firms in the United States. Viewpoint Creative, The Digital Dept. complement their efforts with full-service creative branding and production capabilities as well as social media and influencer marketing servi...