---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-000732"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:42:36.479716+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Genius Brands announces 1-for-10 reverse stock split to maintain Nasdaq listing

## Summary
- 1-for-10 reverse stock split effective Feb 13, 2023; outstanding shares reduced from ~318.5M to ~31.8M.
- Split reduces authorized common from 400M to 40M; new CUSIP 37229T 509; trading symbol remains GNUS.
- Company was in second 180-day compliance period ending Feb 27, 2023; split aims to regain $1 minimum bid price.
- No stockholder approval required; fractional shares rounded up; no cash paid in lieu.
- COO states split also intended to deter illegal naked short selling and attract institutional investors.

## SEC filing metadata
- accession: 0001683168-23-000732
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316823000732/0001683168-23-000732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316823000732/genius_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-000732
- JSON: https://secwatch.observer/filing/0001683168-23-000732.json
- Plain text: https://secwatch.observer/filing/0001683168-23-000732.txt

## Key facts
- Governance Changes
  Kartoon Studios, Inc.: Reverse stock split at a 1-for-10 ratio, effective February 10, 2023, via filing of Certificate of Change with Nevada Secretary of State (effective 2023-02-10).
  - Change: charter amendment
  - Effective: 2023-02-10
  source text: The Company effected the Reverse Stock Split pursuant to the Company’s filing of a Certificate of Change to the Articles of Incorporation (the “Certificate”) with the Nevada Secretary of State on February 9, 2023, in accordance with Nevada Revised Statutes (“NRS”) 78.209.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316823000732/0001683168-23-000732-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.