{"schema_version":"secwatch.filing_event.v1","accession":"0001355848-24-000059","form_type":"8-K","ticker":"TOON","cik":"0001355848","company_name":"Kartoon Studios, Inc.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.068191+00:00","generated_at":"2026-06-03T15:22:16.808691+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Kartoon Studios raises up to $7M in direct offering at $1.00/share","bullets":["Initial closing of $4M in common stock; up to $3M in additional closings within 180 days.","Pre-funded warrants offered at $0.99 with $0.01 exercise price, subject to 4.99% beneficial ownership limit.","EF Hutton LLC serves as placement agent with 7% cash fee plus 1% non-accountable expense reimbursement.","Company agrees to 90-day lock-up on additional equity issuances (180 days under placement agreement).","Proceeds expected for general corporate purposes, not specifically stated."],"urls":{"canonical":"https://secwatch.observer/filing/0001355848-24-000059","json":"https://secwatch.observer/filing/0001355848-24-000059.json","markdown":"https://secwatch.observer/filing/0001355848-24-000059.md","text":"https://secwatch.observer/filing/0001355848-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1355848/000135584824000059/0001355848-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1355848/000135584824000059/toon-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T15:22:16.808691+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bd0ccf4f44ab5806f4d0b2fd03090c5149828d79","claim":"Kartoon Studios, Inc. entered into Placement Agreement with EF Hutton LLC (effective 2024-04-18).","evidence_excerpt":"On April 18, 2024, the Company also entered into a placement agent agreement (the “Placement Agreement”) with EF Hutton LLC, as the placement agent (the “Placement Agent”), in connection with the Offering.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1355848/000135584824000059/0001355848-24-000059-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"EF Hutton LLC"},{"label":"Effective","value":"2024-04-18"}],"fact_type":"material_agreement"},{"claim_id":"eb7d065b84fc1aa24a87960da6cbaa3a8b10fa1b","claim":"Kartoon Studios, Inc. entered into Purchase Agreement with certain institutional investors (effective 2024-04-18).","evidence_excerpt":"On April 18, 2024, Kartoon Studios, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) pursuant to which the Company agreed to issue and sell directly to certain institutional investors up to 7,000,000 shares (the “Shares”) of common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1355848/000135584824000059/0001355848-24-000059-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Effective","value":"2024-04-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}