Dolphin Entertainment, Inc. (DLPN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 51.81% of current shares
Recent Dilution: 39.78% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
12M
Potential Supply
6.4M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

DLPN currently has 12.3M outstanding shares. with significant dilution risk as 6.39M authorized shares could dilute existing holders by 51.8%. The company has significantly diluted shareholders by 39.78% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 12.3M shares outstanding

12M 6.4M
Mar 27, 2026

10-K filing | 11.6M shares outstanding

12M 7.2M
Nov 12, 2025

10-Q filing | 11.8M shares outstanding

12M 6.9M
Oct 03, 2025

S-1 filing: This prospectus relates to the issuance of up to 9,244,698 shares of common stock by Lincoln Park Capital Fund, LLC, with the company potentially selling up to $15,000,000 of common stock to the Selling Securityholder under a purchase agreement.

11M 7.5M
Aug 14, 2025

10-Q filing | 11.2M shares outstanding

11M 0
May 13, 2025

10-Q filing | 11.2M shares outstanding

11M 0
May 07, 2025

8-K filing: Dolphin Entertainment, Inc. entered into eight subscription agreements with investors for convertible promissory notes in the aggregate principal amount of $1,065,000 and received cash proceeds of $1,065,000 between March 24, 2025 and May 6, 2025. ($1.07M proceeds)

10M 0
Mar 27, 2025

10-K filing | 10.3M shares outstanding

10M 0
Nov 14, 2024

10-Q filing | 10.9M shares outstanding

11M 0
Oct 16, 2024
Stock Split

8-K filing: Stock split 1-for-2 | Outstanding: 22,216,371 → 11,112,584

11M 0
Aug 14, 2024

10-Q filing | 22.2M shares outstanding

22M 0
Jul 19, 2024

8-K filing: Dolphin Entertainment, Inc. acquired Elle Communications, LLC and issued 2,089,783 shares of common stock to the seller, Danielle Finck, as part of the consideration, along with cash payments. ($2.03M proceeds)

19M 0
May 15, 2024

10-Q filing | 18.6M shares outstanding

19M 0
Apr 01, 2024

10-K filing | 18.7M shares outstanding

19M 0
Nov 14, 2023

10-Q filing | 18.1M shares outstanding

18M 0
Nov 02, 2023

8-K filing: Dolphin Entertainment, Inc. closed an underwritten public offering of 1,400,000 shares of common stock at $1.65 per share, generating gross proceeds of $2,310,000 before deductions. ($2.31M proceeds)

13M 780K
Oct 06, 2023

8-K filing: Dolphin Entertainment, Inc. acquired Special Projects Media LLC, issuing 2,500,000 shares of common stock to the sellers as part of the consideration.

13M 780K
Aug 14, 2023

10-Q filing | 13.2M shares outstanding

13M 780K
Jul 25, 2023

S-3 filing: Dolphin Entertainment, Inc. may offer and sell shares of its common stock up to an aggregate amount of $100,000,000.

14M 0
May 15, 2023

10-Q filing | 12.6M shares outstanding

13M 1.4M
Mar 31, 2023

10-K filing | 12.6M shares outstanding

13M 1.4M
Nov 14, 2022

10-Q filing | 9.8M shares outstanding

9.8M 4.2M
Sep 08, 2022

S-1 filing: This prospectus relates to the issuance of up to 3,057,313 shares of common stock by Lincoln Park Capital Fund, LLC, including 57,313 commitment shares, pursuant to a common stock purchase agreement where the Selling Securityholder has committed to purchase up to $25,000,000 of our Common Stock.

9.6M 4.4M
Aug 15, 2022

10-Q filing | 9.6M shares outstanding

9.6M 0
Jul 18, 2022

10-Q filing | 8.8M shares outstanding

8.8M 0
May 26, 2022

10-K filing | 9.1M shares outstanding

9.1M 0
Dec 30, 2021

8-K filing: Dolphin Entertainment, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $25,000,000 of its common stock over a thirty-six (36) month term, and issued 51,827 shares to Lincoln Park as an initial commitment fee.

7.7M 0
Nov 19, 2021

10-Q filing | 7.7M shares outstanding

7.7M 0
Aug 27, 2021

S-3 filing: Dolphin Entertainment, Inc. may offer and sell shares of its common stock up to an aggregate amount of $100,000,000.

7.7M 0
Aug 16, 2021

10-Q filing | 7.7M shares outstanding

7.7M 0
May 18, 2021

10-Q filing | 7.6M shares outstanding

7.6M 0
Apr 15, 2021

10-K filing | 7.6M shares outstanding

7.6M 0
Nov 27, 2020
Stock Split

8-K filing: Stock split 1-for-5 | Outstanding: 17,892,900 → 3,578,580

3.6M 0
Nov 16, 2020

10-Q filing | 17.9M shares outstanding

18M 0
Aug 26, 2020

8-K filing: Dolphin Entertainment acquired Be Social Public Relations and issued 349,534 shares of common stock to the seller, Alison Grant, on August 17, 2020, as part of the acquisition consideration.

19M 0
Aug 17, 2020

10-Q filing | 19.2M shares outstanding

19M 0
Jul 13, 2020

10-Q filing | 20.5M shares outstanding

20M 0
Jun 09, 2020

8-K filing: Dolphin Entertainment, Inc. entered into a share purchase agreement to sell 7,900,000 shares of common stock in a registered direct offering for gross proceeds of approximately $8.3 million. ($8.3M proceeds)

20M 0
Mar 30, 2020

10-K filing | 20.0M shares outstanding

20M 0
Jan 06, 2020

8-K filing: Dolphin Entertainment, Inc. sold a senior convertible promissory note and warrants to Lincoln Park Capital Fund, LLC for $1,200,000, with the warrants allowing the purchase of up to 207,588 shares of common stock. ($1.2M proceeds)

N/A 0
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