{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-22-002514","form_type":"8-K","ticker":"TOON","cik":"0001355848","company_name":"Kartoon Studios, Inc.","filed_at":"2022-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.349881+00:00","generated_at":"2026-06-26T07:52:47.957989+00:00","sec_items":["1.01","2.01","5.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Genius Brands closes Wow acquisition; combined 2021 revenue ~$72M; Hirsh to board","bullets":["Acquired Wow for ~CDN $47.7M cash + 10.4M Genius shares + 691k exchangeable shares exchangeable 1:1 into GNUS.","Wow 2021 revenue $64.2M USD, net income $2.8M, EBITDA $6.3M; Genius standalone revenue $7.9M (217% YoY).","Michael Hirsh (Wow CEO) to join Genius Brands board; Wow's Mainframe Studios and Frederator Network added.","Series B Preferred Stock created to pass voting rights to Exchangeco shareholders; automatically cancels if no votes.","Wow estimates significant contracted bookings through 2022-2023; cost synergies expected from in-house animation."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-22-002514","json":"https://secwatch.observer/filing/0001683168-22-002514.json","markdown":"https://secwatch.observer/filing/0001683168-22-002514.md","text":"https://secwatch.observer/filing/0001683168-22-002514.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1355848/000168316822002514/0001683168-22-002514-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1355848/000168316822002514/genius_i8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T07:52:47.957989+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":"62dcc198f7","claim":"Michael Hirsh was appointed as Director at Kartoon Studios, Inc..","evidence_excerpt":"It is anticipated that the Company will appoint Michael Hirsh, Chief Executive Officer and a member of the Wow board of directors prior to the transaction described herein, to the Company’s Board of Directors (the “Board”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1355848/000168316822002514/0001683168-22-002514-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}