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Dolphin Entertainment ( (DLPN) ) has provided an update.
Dolphin Entertainment, Inc. has announced a 1-for-2 reverse stock split, effective October 16, 2024, aimed at meeting NASDAQ’s $1.00 minimum bid price requirement and providing greater flexibility for future business endeavors. This move will consolidate every two shares into one, reducing the total outstanding shares from approximately 22.2 million to 11.1 million. Shareholders will receive whole shares instead of fractional ones, and those with electronic holdings need not take any action.
Find detailed analytics on DLPN stock on TipRanks’ Stock Analysis page.
