Dolphin Entertainment Announces Reverse Stock Split Plan
Company Announcements

Dolphin Entertainment Announces Reverse Stock Split Plan

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.

Related Articles
TheFlyDolphin partners with Loti AI for likeness protection technology
TheFlyDolphin Entertainment’s Special Projects supports Academy Museum Gala 2024
TipRanks Auto-Generated NewsdeskDolphin Entertainment Eyes 20% Revenue Growth in 2023
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App