Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
Transfer of Listing.
As previously disclosed, on October 17, 2019, Dolphin Entertainment, Inc. (the
"Company") received a notice from The Nasdaq Stock Market ("Nasdaq") that its
common stock, par value $0.015 per share (the "Common Stock"), fails to comply
with the $1 minimum bid price required for continued listing on The Nasdaq
Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid
price of the Common Stock for the 30 consecutive business days prior to the date
of the notice from Nasdaq. On April 15, 2020, the Company received a notice from
Nasdaq that the date to achieve compliance has been extended an additional 180
days until October 12, 2020.
To regain compliance, the minimum bid price of the Common Stock must meet or
exceed $1.00 per share for a minimum ten consecutive business days during this
180-day grace period. The Company's failure to regain compliance during this
period could result in delisting.
The Company is presently evaluating various courses of action to regain
compliance. There can be no assurance that the Company will be able to regain
compliance with Nasdaq's rule or will otherwise be in compliance with other
Nasdaq listing criteria.
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DOLPHIN ENTERTAINMENT, INC. 
