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MIAMI, FL / ACCESSWIRE / April 25, 2022 / Dolphin Entertainment (NASDAQ: DLPN), a number one leisure advertising and premium content material manufacturing firm, filed a Notification of Late Filing on Form 12b-25 indicating that the submitting of its Annual Report on Form 10-K for the fiscal 12 months ended December 31, 2021 (the “Annual Report”) can be delayed. In addition, the Company filed a Form 8-Okay indicating that the Company can be unable to file its Annual Report throughout the 15-day extension. As anticipated, Dolphin obtained a discover from The Nasdaq Stock Market LLC stating that as a result of the Company has not but filed its Form 10-K, the Company is now not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed corporations to well timed file all required periodic monetary reviews with the Securities and Exchange Commission (the “SEC”).This notification has no fast impact on the itemizing of the Company’s shares on Nasdaq. However, if the Company fails to well timed regain compliance with the Nasdaq Listing Rule, the Company’s frequent inventory will probably be topic to delisting from Nasdaq.Under Nasdaq guidelines, the Company has 60 calendar days to both file the Form 10-K or to undergo Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If the Company doesn’t file the 10-K however submits a plan to regain compliance, and Nasdaq accepts the Company’s plan, then Nasdaq could grant the Company as much as 180 days from the prescribed due date for submitting the Form 10-K to regain compliance. If Nasdaq doesn’t settle for the Company’s plan, then the Company can have the chance to attraction that call to a Nasdaq Hearings Panel.The Company expects to file the Form 10-K throughout the 60-day interval described above, which might remove the necessity for the Company to submit a proper plan to regain compliance.About Dolphin EntertainmentDolphin Entertainment is a number one impartial leisure advertising and manufacturing firm. Through our subsidiaries 42West, The Door, Shore Fire Media and B/HI (a division of 42West), we offer skilled strategic advertising and publicity companies to many of the highest manufacturers, each particular person and company, within the movie, tv, music, gaming and hospitality industries. All three PR companies had been ranked amongst a current Observer’s “Power 50” PR Firms within the United States, an unprecedented achievement. Viewpoint Creative and Be Social complement their efforts with full-service artistic branding and manufacturing capabilities in addition to social media and influencer advertising companies. Dolphin’s legacy content material manufacturing enterprise, based by Emmy-nominated CEO Bill O’Dowd, has produced a number of function movies and award-winning digital collection. In early 2022, Dolphin launched WCIP (pronounced We Come In Peace), its new advertising, consulting and communications company centered solely on growing and advertising blockchain, metaverse and Web3 tasks and initiatives, for each present and future shoppers, in addition to wholly-owned mission investments. WCIP is comprised of executives throughout all six of Dolphin’s wholly-owned subsidiaries and supplies expanded service choices to the greater than two dozen energetic Web3 tasks and companions on Dolphin corporations’ rosters. To be taught extra, go to: https://www.dolphinentertainment.com.This press launch incorporates ‘forward-looking statements’ throughout the which means of the Private Securities Litigation Reform Act. These forward-looking statements could handle, amongst different issues, Dolphin Entertainment Inc.’s providing of frequent inventory in addition to anticipated monetary and operational outcomes and the associated assumptions underlying its anticipated outcomes. These forward-looking statements are distinguished by the use of phrases similar to “will,” “would,” “anticipate,” “anticipate,” “imagine,” “designed,” “plan,” or “intend,” the detrimental of these phrases, and related references to future durations. These views contain dangers and uncertainties which can be tough to foretell and, accordingly, Dolphin Entertainment’s precise outcomes could differ materially from the outcomes mentioned in its forward-looking statements. Dolphin Entertainment’s forward-looking statements contained herein communicate solely as of the date of this press launch. Factors or occasions Dolphin Entertainment can not predict, together with these described within the threat components contained in its filings with the Securities and Exchange Commission, could trigger its precise outcomes to vary from these expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations mirrored in such forward-looking statements are primarily based on affordable assumptions, it may give no assurance that its expectations will probably be achieved, and Dolphin Entertainment undertakes no obligation to replace publicly any forward-looking statements in consequence of new data, future occasions, or in any other case, besides as required by relevant legislation.CONTACT:James CarbonaraHayden IR(646)-755-7412[email protected]SOURCE: Dolphin EntertainmentView supply model on accesswire.com: https://www.accesswire.com/698692/Dolphin-Entertainment-Announces-Receipt-of-Notice-from-Nasdaq-Regarding-Delayed-Filing-of-Annual-Report-on-Form-10-K
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