# EDGAR Filing Document

**Accession Number:** 0001282224
**File Stem:** 0001553350-25-000090
**Filing Date:** 2025-8
**Character Count:** 11598
**Document Hash:** 2b955a5e40a39cbd36390623f53636e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001553350-25-000090.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001553350-25-000090

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250826

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dolphin Entertainment, Inc.
- **CENTRAL INDEX KEY:** 0001282224
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PERSONAL SERVICES [7200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 860787790
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38331
- **FILM NUMBER:** 251282115

**BUSINESS ADDRESS:**
- **STREET 1:** 150 ALHAMBRA CIRCLE
- **STREET 2:** SUITE 1200
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33134
- **BUSINESS PHONE:** 305-774-0407

**MAIL ADDRESS:**
- **STREET 1:** 150 ALHAMBRA CIRCLE
- **STREET 2:** SUITE 1200
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33134

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOLPHIN DIGITAL MEDIA INC
- **DATE OF NAME CHANGE:** 20080818

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOGICA HOLDINGS INC
- **DATE OF NAME CHANGE:** 20070716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIMUM AWARDS INC
- **DATE OF NAME CHANGE:** 20040301

?xml version='1.0' encoding='ASCII'? Current Report

**UNITED STATES**

 **SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM 8-K** 

**Current Report**

 **Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **August 26, 2025**

**DOLPHIN ENTERTAINMENT, INC.**

*(Exact name of registrant as specified in its charter)*

---

| | | |
|:---|:---|:---|
| **Florida** | **001-38331** | **86-0787790** |
| *(State or other jurisdiction* | *(Commission* | *(IRS Employer* |
| *of incorporation)* | *File Number)* | *Identification No.)* |

---

**150 Alhambra Circle** **, Suite 1200, Coral Gables, Florida 33134**

*(Address of principal executive offices) (Zip Code)*

Registrant's telephone number, including area code (**305** **) 774 -0407**

**Not Applicable**

*(Former Name or Former Address, if Changed Since Last Report)*

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.015 par value per share | DLPN | The Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 3.02 Unregistered Sales of Equity Securities**

*Amendment of Previously Issued Promissory Notes*

 

As previously disclosed, on each of October 4, 2022 and December 15, 2022, Dolphin Entertainment, Inc. (the "<u>Company</u>") issued two promissory notes in the amount of $500,000 each (as amended, the "<u>Promissory Notes</u>") to an existing investor of the Company. On August 26, 2025, the Company and the holder agreed to amend the Promissory Notes (the "<u>Third Amendments</u>") to (i) extend the maturity date of the Promissory Notes to August 26, 2030 and (ii) fix the conversion price at $1.07 per share. Per the terms of the Third Amendments, the Holder may convert the $1,000,000 outstanding principal balance of the Promissory Notes and the accrued interest thereon into an amount of shares of the Company's common stock ("<u>Common Stock</u>") equal to the quotient obtained by dividing (i) the principal and interest being converted by (ii) $1.07 per share, the average closing price of the Common Stock for the five trading days immediately preceding August 26, 2025.

The foregoing description of the Promissory Notes and the Third Amendments does not purport to be complete and is qualified in its entirety by reference to the Form of Note, attached as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 13, 2023 and the Form of Third Amendment attached hereto as Exhibit 10.1, which are incorporated by reference herein.

*Issuance of Convertible Notes*

Between August 21, 2025 and August 26, 2025, the Company entered into five subscription agreements (the "<u>Subscription Agreements</u>") with investors for five convertible promissory notes (each a "<u>Notes</u>") in the aggregate principal amount of $800,000 and received cash proceeds of $800,000. The Notes bear interest at a rate of 10% per annum. All of the Notes mature five years from their issuance dates. The noteholders may convert the principal balance of the Notes and any accrued interest thereon at any time before the maturity date of the Notes into common stock of the Company ("<u>Common Stock</u>"). The conversion price of two $100,000 Notes is $1.04 per share the closing price for the Common Stock on the date of their issuance, and the conversion price of two $100,000 Notes and one $400,000 Note is $1.07 per share, the average closing price of the Common Stock for the five trading days immediately preceding their date of issuance.

The foregoing description of the terms of the Subscription Agreements, the Notes and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the form of Subscription Agreement and the form of Note, which are included as Exhibits 4.1 and 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 13, 2023 and are incorporated herein by reference.

The issuance and sale of the Notes, and any shares of common stock to be issued upon conversion thereof will be issued, by the Company in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act.

**Item 9.01. Financial Statements and Exhibits.**

***(d) Exhibits***

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Exhibit<br> Number** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Description** |
| &nbsp;&nbsp;10.1 | &nbsp;&nbsp;[Form of Third Amendment to Promissory Notes](ex10x1.htm) |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

 

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **DOLPHIN ENTERTAINMENT, INC.** | **DOLPHIN ENTERTAINMENT, INC.** |
| Date: August 29, 2025 | By: | /s/ Mirta A. Negrini |
|  |  | Mirta A. Negrini |
|  |  | Chief Financial Officer |

---

## Exhibit 10.1

Exhibit 10.1

August 26, 2025

**Dolphin Entertainment, Inc.**

150 Alhambra Circle

Suite 1200

Coral Gables, FL 33134

**Name and Address of Investor**

Re: Amendment to Dolphin Entertainment, Inc. Convertible Note

Reference is hereby made to that certain Dolphin Entertainment, Inc. Convertible Note (the "<u>Note</u>"), dated [____________], in the aggregate principal amount of $500,000 issued by Dolphin Entertainment, Inc., a Florida corporation to [noteholder] (the "<u>Investor</u>") and amended on [_________] and January 13, 2025. All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Note. Upon execution of this amendment (this "<u>Amendment</u>"), the undersigned, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Section 2 of the Note is hereby amended and restated in its entirety to read:

"*This Note shall be for a term commencing on the Original Issue Date and ending on August 28, 2030 (such date the "<u>Maturity Date</u>"), unless earlier converted pursuant to the provisions of Section 5 hereof*";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The first paragraph of Section 5(a) of the Note is hereby amended and restated in its entirety to read:

*"The Investor shall have the right at any time following the Original Issue Date and prior to the Maturity Date to convert all or a portion of the Principal Amount of this Note and the accrued interest thereon into shares of Common Stock of the Company, subject to adjustment as contemplated by Section 5(b), in an amount of shares of Common Stock equal to the quotient obtained by dividing (i) the principal and interest being converted by (ii) $1.07, the average closing price per share of Common Stock for the five days preceding August 26, 2025 (the "<u>Standard Conversion Price</u>")."*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Except as specifically set forth herein, the Note shall remain unmodified and in full force and effect in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) All references in the Note and the Subscription Agreement to the "Note" shall mean the Note as hereby amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) This Amendment shall be governed by the laws of the State of Florida without regard to the rules of conflict of laws of such state (or any other jurisdiction) that would cause the laws of another jurisdiction to apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) This Amendment shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) Facsimile or other electronically scanned and transmitted signatures, including by email attachment, shall be deemed originals for all purposes of this Amendment.

[Signature Page Follows]

---

| | |
|:---|:---|
|  | &nbsp;&nbsp; Sincerely,<br>**Dolphin Entertainment, Inc.**<br>By:_________________________________<br> Name:William O'Dowd<br> Title:Chief Executive Officer |
| &nbsp;&nbsp; **Agreed to and accepted as of the first date set forth above:**<br>**Investor**<br>By:____________________________<br> Name:[Name of noteholder]<br>|  |

---