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Dolphin Entertainment, Inc. Announces 1-for-2 Reverse Stock Split | DLPN Stock News

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Dolphin Entertainment, Inc. Announces 1-for-2 Reverse Stock Split | DLPN Stock News





Dolphin Entertainment, Inc. (NASDAQ:DLPN) has announced a 1-for-2 reverse stock split effective October 16, 2024, at 12:01 a.m. EDT. This move aims to regain compliance with NASDAQ’s $1.00 minimum bid price requirement and increase flexibility for future business purposes. The split will reduce outstanding common stock from approximately 22.2 million to 11.1 million shares. Trading on a split-adjusted basis will begin on October 16, 2024, with a new CUSIP number: 25686H 308.

Shareholders will receive one whole share for every two shares held, with no fractional shares or cash compensation issued. The company’s transfer agent, Nevada Agency and Transfer Company, will provide instructions to shareholders of record for exchanging shares. Shareholders with electronic holdings in brokerage accounts need not take action, as changes will be reflected automatically.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) ha annunciato un raggruppamento azionario 1-per-2 che entrerà in vigore il 16 ottobre 2024, alle 12:01 EDT. Questa manovra ha come obiettivo quello di ripristinare la conformità con il requisito del prezzo minimo di offerta di $1.00 imposto da NASDAQ e di aumentare la flessibilità per futuri scopi aziendali. Il raggruppamento ridurrà le azioni ordinarie in circolazione da circa 22.2 milioni a 11.1 milioni di azioni. La negoziazione con il nuovo valore sarà avviata il 16 ottobre 2024, con un nuovo numero CUSIP: 25686H 308.

Ogni azionista riceverà un’azione intera per ogni due azioni detenute, senza emissione di azioni frazionarie o compensazione in contante. L’agente di trasferimento della società, Nevada Agency and Transfer Company, fornirà istruzioni agli azionisti registrati per lo scambio delle azioni. Gli azionisti con partecipazioni elettroniche nei conti di intermediazione non dovranno intraprendere alcuna azione, poiché le modifiche saranno riflesse automaticamente.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) ha anunciado un cambio de acciones 1-por-2 que entrará en vigor el 16 de octubre de 2024, a las 12:01 a.m. EDT. Este movimiento tiene como objetivo recuperar la conformidad con el requisito de precio mínimo de oferta de $1.00 de NASDAQ y aumentar la flexibilidad para futuros propósitos comerciales. El cambio reducirá las acciones ordinarias en circulación de aproximadamente 22.2 millones a 11.1 millones de acciones. Las operaciones basadas en el cambio comenzarán el 16 de octubre de 2024, con un nuevo número CUSIP: 25686H 308.

Los accionistas recibirán una acción entera por cada dos acciones que posean, sin emisión de acciones fraccionarias ni compensación en efectivo. El agente de transferencia de la empresa, Nevada Agency and Transfer Company, proporcionará instrucciones a los accionistas registrados para el intercambio de acciones. Los accionistas con tenencias electrónicas en cuentas de corretaje no necesitarán tomar ninguna acción, ya que los cambios se reflejarán automáticamente.

Dolphin Entertainment, Inc. (NASDAQ:DLPN)는 2024년 10월 16일, EDT 기준 오전 12:01에 2주를 1주로 환원하는 주식 분할을 시행한다고 발표했습니다. 이 조치는 NASDAQ의 $1.00 최소 공매도가 요구 사항을 준수하고 향후 비즈니스 목적에 대한 유연성을 높이기 위해 시행됩니다. 주식 분할로 약 2220만 주에서 1110만 주로 감소하게 됩니다. 조정된 조건으로 거래는 2024년 10월 16일에 시작되며, 새로운 CUSIP 번호는 25686H 308입니다.

주주들은 보유한 2주당 1주의 전체 주식을 받을 것이며, 분할 주식이나 현금 보상은 지급되지 않습니다. 회사의 주식 이관 대리인인 네바다 에이전시 및 이관 회사는 주주들에게 주식 교환을 위한 지침을 제공합니다. 브로커리지 계좌의 전자 보유 주주들은 아무런 조치를 취할 필요가 없으며 변경 사항은 자동으로 반영됩니다.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) a annoncé un rachat d’actions 1 pour 2 qui prendra effet le 16 octobre 2024 à 12h01 EDT. Cette mesure vise à rétablir la conformité avec l’exigence de prix minimum de $1.00 de NASDAQ et à augmenter la flexibilité pour de futurs objectifs commerciaux. Le rachat réduira le nombre d’actions ordinaires en circulation d’environ 22,2 millions à 11,1 millions d’actions. Les transactions basées sur ce rachat commenceront le 16 octobre 2024, avec un nouveau numéro CUSIP: 25686H 308.

Les actionnaires recevront une action entière pour chaque deux actions détenues, sans émissions d’actions fractionnaires ni compensation en espèces. L’agent de transfert de l’entreprise, Nevada Agency and Transfer Company, fournira des instructions aux actionnaires enregistrés pour échanger leurs actions. Les actionnaires ayant des avoirs électroniques dans des comptes de courtage n’ont pas besoin de prendre de mesures, car les modifications seront reflétées automatiquement.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) hat einen 1-zu-2 Rückwärtssplit angekündigt, der am 16. Oktober 2024 um 12:01 Uhr EDT in Kraft tritt. Diese Maßnahme zielt darauf ab, die Einhaltung der NASDAQ-Anforderung eines Mindestgebots von $1,00 wiederherzustellen und die Flexibilität für zukünftige Geschäftszwecke zu erhöhen. Der Split wird die ausstehenden Stammaktien von etwa 22,2 Millionen auf 11,1 Millionen Aktien reduzieren. Der Handel auf Splits-Basis beginnt am 16. Oktober 2024 mit einer neuen CUSIP-Nummer: 25686H 308.

Aktionäre erhalten eine ganze Aktie für jeweils zwei gehaltene Aktien, ohne dass bruchstückhafte Aktien oder Barabgeltungen ausgegeben werden. Der Übertragungsagent des Unternehmens, die Nevada Agency and Transfer Company, wird Anleitungen an die registrierten Aktionäre zum Austausch von Aktien bereitstellen. Aktionäre mit elektronischen Beständen in Brokerage-Konten müssen keine Maßnahmen ergreifen, da die Änderungen automatisch reflektiert werden.

Positive


  • Potential to regain compliance with NASDAQ’s $1.00 minimum bid price requirement


  • Increased flexibility for future business and financial purposes


Negative


  • Reduction in the number of outstanding shares from 22.2 million to 11.1 million


  • Potential shareholder confusion or dissatisfaction with the reverse split process


Insights


The 1-for-2 reverse stock split announced by Dolphin Entertainment is a significant move aimed at addressing NASDAQ compliance issues and improving the company’s financial flexibility. This action will reduce the number of outstanding shares from about 22.2 million to 11.1 million, potentially doubling the stock price mathematically.

The primary goal is to regain compliance with NASDAQ’s $1.00 minimum bid price requirement, which is important for maintaining the company’s listing status. This move could help attract institutional investors who often have restrictions on investing in low-priced stocks.

However, investors should note that while the share price may increase, the company’s market capitalization and the value of each shareholder’s stake remain unchanged. The effectiveness of this strategy in maintaining long-term price levels depends on the company’s underlying performance and market perception.

For Dolphin Entertainment, with a current market cap of about $14.2 million, this move could be seen as a defensive strategy. It’s important to monitor how the market reacts post-split and whether it leads to improved trading liquidity or investor interest.

Dolphin Entertainment’s reverse stock split is a strategic move that warrants close attention from investors. While it doesn’t directly impact the company’s fundamental value, it can have significant market implications:

  • Investor Perception: The higher post-split share price might improve the stock’s image, potentially attracting new investors who view sub-dollar stocks as risky.
  • Index Inclusion: A higher share price could make the stock eligible for inclusion in certain stock indices, potentially increasing demand.
  • Short-term Volatility: Expect increased volatility immediately following the split as the market adjusts to the new share structure.
  • Long-term Performance: Historical data shows mixed results for companies post-reverse split. Success often depends on the underlying business performance rather than the split itself.

Investors should closely monitor trading volume and price action post-split, as well as any changes in institutional ownership or analyst coverage. These factors can provide insights into the market’s reception of this corporate action and its potential long-term impact on DLPN’s stock performance.












MIAMI, FL / ACCESSWIRE / October 14, 2024 / Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, today announced that the company will effect a 1-for-2 reverse split of its issued and outstanding shares of common stock. The reverse stock split will become effective October 16, 2024 at 12:01 a.m. EDT. Shares of the company’s common stock will trade on a split-adjusted basis on The NASDAQ Capital Market, as of the opening of trading on Wednesday, October 16, 2024. The new CUSIP number for the Company’s common stock will be 25686H 308.

The reverse stock split is being effected as part of the company’s plan to regain compliance with the $1.00 minimum bid price continued listing requirement of The NASDAQ Capital Market and to have the additional authorized shares of common stock available to provide additional flexibility regarding the potential use of shares of common stock for business and financial purposes in the future.

When the reverse stock split becomes effective, every two shares of Dolphin Entertainment, Inc.’s common stock will be automatically combined into one new share of common stock. No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the company will issue one whole share of the post-split common stock to any shareholder of record who otherwise would have received a fractional share as a result of the reverse stock split. The reverse stock split will reduce the number of shares of outstanding common stock from approximately 22.2 million shares to approximately 11.1 million shares.

Dolphin Entertainment, Inc.’s transfer agent, Nevada Agency and Transfer Company, will provide instructions to shareholders of record regarding the process for exchanging shares. Shareholders who are holding their shares in electronic form at their brokerage firms do not have to take any action as the effects of the reverse stock split will automatically be reflected in their brokerage accounts.

About Dolphin Entertainment, Inc.
Dolphin Entertainment, Inc. (NASDAQ:DLPN), founded in 1996 by Bill O’Dowd, has evolved from its origins as an Emmy-nominated television, digital, and feature film content producer to a company with three dynamic divisions: Dolphin Entertainment, Dolphin Marketing, and Dolphin Ventures.

Dolphin Entertainment: This legacy division, where it all began, has a rich history of producing acclaimed television shows, digital content, and feature films. With high-profile partnerships like IMAX and notable projects including “The Blue Angels,” Dolphin Entertainment continues to set the standard in quality storytelling and innovative content creation.

Dolphin Marketing: Established in 2017, this division has become a powerhouse in public relations, influencer marketing, branding strategy, talent booking, and special events. Comprising top-tier companies such as 42West, The Door, Shore Fire, Special Projects, and The Digital Dept., Dolphin Marketing serves a wide range of industries, from entertainment, music and sports to hospitality, fashion and consumer products.

Dolphin Ventures: This division leverages Dolphin’s best-in-class cross-marketing acumen and business development relationships to create, launch and/or accelerate innovative ideas and promising products, events and content in our areas of expertise. Key ventures include collaborations with Rachael Ray for Staple Gin and Mastercard Midnight Theatre. The company is actively exploring new projects in AI, beauty, and sports.

Contact:
James Carbonara/Hayden IR
(646)-755-7412
james@haydenir.com

SOURCE: Dolphin Entertainment

View the original press release on accesswire.com








FAQ



When will Dolphin Entertainment’s (DLPN) 1-for-2 reverse stock split take effect?


Dolphin Entertainment’s 1-for-2 reverse stock split will become effective on October 16, 2024, at 12:01 a.m. EDT.


What is the new CUSIP number for Dolphin Entertainment (DLPN) after the reverse split?


The new CUSIP number for Dolphin Entertainment’s common stock after the reverse split will be 25686H 308.


How many shares of Dolphin Entertainment (DLPN) will be outstanding after the reverse split?


After the 1-for-2 reverse split, Dolphin Entertainment’s outstanding common stock will be reduced from approximately 22.2 million shares to approximately 11.1 million shares.


Why is Dolphin Entertainment (DLPN) implementing a reverse stock split?


Dolphin Entertainment is implementing the reverse stock split to regain compliance with NASDAQ’s $1.00 minimum bid price requirement and to increase flexibility for potential future business and financial purposes.





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