Dolphin Entertainment (DLPN) Proxy Filing summary

Executive summary

• Received a deficiency notice from Nasdaq for not meeting the $1 minimum bid price requirement for 30 consecutive business days.

• Common stock will continue trading on Nasdaq under the symbol “DLPN” during the initial 180-day compliance period ending February 10, 2025.

• If compliance is not regained, an additional 180-day period may be available, subject to meeting other listing requirements.

• Failure to comply after both periods could result in delisting, with an option to appeal.

Voting matters and shareholder proposals

• At the 2024 annual meeting on September 24, 2024, shareholders will vote on a proposed 1-for-2 reverse stock split to help regain compliance with Nasdaq rules.

Shareholder rights and capital structure

• The reverse stock split proposal aims to increase the per-share price to meet Nasdaq’s minimum bid price requirement.

• Common stock continues to trade on the Nasdaq Capital Market under the symbol “DLPN.”