Dolphin Entertainment, Inc. Announces Pricing of $2.3 Million Public Offering of Common Stock

About this update from Dolphin Entertainment, Inc.

[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / October 31, 2023 / Dolphin Entertainment (\"Dolphin Entertainment\" or the \"Company\") (NASDAQ:DLPN), a leader in entertainment marketing, today announced the pricing of its previously announced underwritten public offering of 1,400,000 shares of its common stock (the \"Offering\") at a public Offering price of $1.65 per share. In addition, Dolphin Entertainment has granted the underwriters a 45-day option to purchase up to an additional 210,000 shares of common stock.Maxim Group LLC is acting as sole book-running manager for the Offering.The gross proceeds of the Offering are expected to be approximately $2.3 million before deducting underwriting discounts and commissions and estimated Offering expenses. This Offering is expected to close on or about November 2, 2023, subject to customary closing conditions.The Offering is being 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\"), and which was declared effective on August 3, 2023. The shares may be offered only by means of the written prospectus supplement and the accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the Offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the public 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 telephone at (212) 895-3745 or by email at [email protected]. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated therein, for more complete information about Dolphin Entertainment and the proposed Offering. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC.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 registrati...

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