Dolphin Entertainment sells 1.4M shares at $1.65 in public offering

Dolphin Entertainment announced the pricing of its previously announced underwritten public offering of 1,400,000 shares of its common stock 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.