Kartoon Studios Files 8-K: Material Agreement & Equity Sales
Ticker: TOON · Form: 8-K · Filed: Sep 5, 2025 · CIK: 1355848
| Field | Detail |
|---|---|
| Company | Kartoon Studios, Inc. (TOON) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $1,799,162.60 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
Related Tickers: TOON
TL;DR
Kartoon Studios (TOON) filed an 8-K on Sept 5th detailing a material agreement and equity sales from Sept 2nd.
AI Summary
Kartoon Studios, Inc. entered into a material definitive agreement on September 2, 2025. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on September 5, 2025.
Why It Matters
This 8-K filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce financial and operational risks, requiring further scrutiny.
Key Players & Entities
- Kartoon Studios, Inc. (company) — Registrant
- September 2, 2025 (date) — Date of earliest event reported
- September 5, 2025 (date) — Filing date
- Genius Brands International, Inc. (company) — Former company name
- PACIFIC ENTERTAINMENT CORP (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by Kartoon Studios, Inc. on September 2, 2025?
The filing states that an "Entry into a Material Definitive Agreement" is an item of disclosure, but the specific details of the agreement are not provided in the provided text.
What were the details of the unregistered sales of equity securities mentioned in the filing?
The filing lists "Unregistered Sales of Equity Securities" as an item, but the specific details, including the number of shares or the price, are not included in the provided text.
When was Kartoon Studios, Inc. incorporated or organized?
Kartoon Studios, Inc. was incorporated or organized in Nevada.
What is the business address of Kartoon Studios, Inc.?
The business address of Kartoon Studios, Inc. is 190 N. Canon Drive, 4th Floor, Beverly Hills, CA 90210.
What were the former names of Kartoon Studios, Inc.?
The former names of Kartoon Studios, Inc. were Genius Brands International, Inc. and PACIFIC ENTERTAINMENT CORP.
Filing Stats: 615 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2025-09-05 17:25:26
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share TOON NYSE American LLC In
- $1,799,162.60 b — obligations in the aggregate amount of $1,799,162.60 by issuing up to 3,148,535 million shares
Filing Documents
- kartoon_8k.htm (8-K) — 26KB
- kartoon_ex1001.htm (EX-10.1) — 115KB
- 0001683168-25-006730.txt ( ) — 326KB
- toon-20250902.xsd (EX-101.SCH) — 3KB
- toon-20250902_lab.xml (EX-101.LAB) — 33KB
- toon-20250902_pre.xml (EX-101.PRE) — 22KB
- kartoon_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive
Item 1.01. Entry into a Material Definitive Agreement. Kartoon Studios, Inc. (the "Company") entered into an Agreement (the "Agreement") with Continuation Capital, Inc. ("CCI") to pay obligations in the aggregate amount of $1,799,162.60 by issuing up to 3,148,535 million shares of its common stock to CCI (the "Shares"). On August 28, 2025, the Circuit Court of the Twelfth Judicial Circuit in and for Sarasota County, Florida entered an order approving the Agreement. The Agreement became binding upon the parties on September 2, 2025, when the NYSE American approved the issuance of the Shares. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein in its entirety by reference.
02. Unregistered Sales of Equity
Item 3.02. Unregistered Sales of Equity Securities. The information set forth under Item 1.01 above of this Current Report on Form 8-K is incorporated by reference in this Item 3.02. The Shares will be issued at a rate of 1.75 shares per dollar of the Company's obligations, pursuant to an exemption from the registration requirements under Section 3(a)(10) of the Securities Act of 1933, as amended.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits *10.1 The Agreement and Stipulation, dated as of August 27, 2025 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) * Exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted exhibit and schedule to the SEC upon request.
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: September 5, 2025 By: /s/ Andy Heyward Name: Andy Heyward Title: Chief Executive Officer 2