Kartoon Studios Enters Material Definitive Agreement

TL;DR

Kartoon Studios just signed a big deal, filing an 8-K on Jan 15th.

AI Summary

On January 15, 2025, Kartoon Studios, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company was formerly known as Genius Brands International, Inc. and Pacific Entertainment Corp.

Why It Matters

This filing indicates a significant new business arrangement for Kartoon Studios, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided text.

Key Players & Entities

• Kartoon Studios, Inc. (company) — Registrant
• Genius Brands International, Inc. (company) — Former company name
• PACIFIC ENTERTAINMENT CORP (company) — Former company name
• January 15, 2025 (date) — Date of earliest event reported
• 190 N. Canon Drive, 4th Fl. (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share TOON NYSE American LLC In

Filing Documents

• kartoon_8k.htm (8-K) — 28KB
• kartoon_ex1002.htm (EX-10.2) — 35KB
• 0001683168-25-000442.txt ( ) — 240KB
• toon-20250115.xsd (EX-101.SCH) — 3KB
• toon-20250115_lab.xml (EX-101.LAB) — 33KB
• toon-20250115_pre.xml (EX-101.PRE) — 24KB
• kartoon_8k_htm.xml (XML) — 3KB

01

Item 1.01. Entry into a Material Definitive Agreement. On January 15, 2025, Kartoon Studios, Inc. (the "Company") entered into an amendment (the "Amendment") to the securities purchase agreement, dated December 16, 2024 (the "Purchase Agreement"), with a certain investor, pursuant to which the Company agreed to amend the Purchase Agreement to: (i) extend the time requirement to hold a meeting of stockholders until the time that the Company holds its annual meeting in May 2025, which shall be held no later than May 14, 2025; (ii) to extend until May 31, 2025, the period during which neither the Company nor any subsidiary may (x) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of common stock or common stock equivalents or (y) file any registration statement or amendment or supplement thereto, other than the Prospectus (as defined in the Purchase Agreement) or supplement or amendments to registration statements or supplements previously filed; and (iii) to extend until May 31, 2025 the period during which the Company may not effect any Variable Rate Transactions (as defined in the Purchase Agreement). The foregoing does not purport to be a complete description of the Purchase Agreement and the Amendment and is qualified in its entirety by reference to the full text of forms of such documents, which are filed as Exhibits 10.1 and 10.2 to this Form 8-K and incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Securities Purchase Agreement (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K as filed by the Registrant with the Securities and Exchange Commission on December 18, 2024 (File No. 001-37950) 10.2 Form of Amendment Agreement 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 2

SIGNATURES

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. KARTOON STUDIOS, INC.. Date: January 17, 2025 By: /s/ Andy Heyward Name: Andy Heyward Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR