Dolphin Entertainment (DLPN) Announces Proposed Share Offering

Dolphin Entertainment (NASDAQ: DLPN), a leader in entertainment marketing, today announced that it has commenced an underwritten public offering of shares of its common stock, which it expects to price at or near the closing price of the common stock. The Company also expects to grant to the underwriters of the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. All of the shares of common stock are being offered by Dolphin Entertainment. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

Maxim Group LLC is acting as the sole book-runner for the Offering.

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"), 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 anticipated Offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. When available, copies of the preliminary 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 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 does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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