---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004433"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:06:55.347474+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kartoon Studios (fka Genius Brands) raises ~$6M via warrant exercise; changes name

## Summary
- Company changed name to Kartoon Studios, Inc. effective June 23, 2023 via merger with wholly owned sub.
- Existing warrants repriced from $23.70 to $2.50; expects ~$6M gross proceeds from cash exercise.
- Exercising holders receive new warrants to buy 200% of shares exercised, 5-year term, exercisable after shareholder approval.
- New warrants unregistered; company to file resale registration statement within 30 days.
- Dawson James receives ~$0.4M cash fee and 142,804 new warrant shares as solicitation agent.

## SEC filing metadata
- accession: 0001683168-23-004433
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.01, 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/0001683168-23-004433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004433
- JSON: https://secwatch.observer/filing/0001683168-23-004433.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004433.txt

## Key facts
- M&A Transactions
  Kartoon Studios, Inc. underwent a change of control (closed 2023-06-23).
  - Action: change of control
  - Closing: 2023-06-23
  source text: On June 23, 2023, Kartoon Studios, Inc. (formerly known as Genius Brands International, Inc., the “Company”) changed its corporate name to Kartoon Studios, Inc. through the merger of the Company with its wholly owned subsidiary Kartoon Studios, Inc., a Nevada corporation (the “Subsidiary”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/0001683168-23-004433-index.htm
- Material Agreements
  Kartoon Studios, Inc. entered into Letter Agreements with certain existing institutional and accredited investors valued at Exercise of warrants for cash proceeds of approximately $6.0 million; New Warrants to purchase up to (effective 2023-06-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain existing institutional and accredited investors
  - Value: Exercise of warrants for cash proceeds of approximately $6.0 million; New Warrants to purchase up to
  - Effective: 2023-06-26
  source text: On June 26, 2023, the Company entered into letter agreements (the “Letter Agreements”) with certain existing institutional and accredited investors to exercise certain outstanding common stock purchase warrants (the “Existing Warrants”) to purchase shares of the Company’s common stock (“Common Stock”), par value $0.001 per share (the “Exercise”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/0001683168-23-004433-index.htm

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