---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004635"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:09:43.781978+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kartoon Studios issues 2.38M shares at $2.50 via warrant repricing, raises $6M gross

## Summary
- Existing warrants repriced from $23.70 to $2.50 per share.
- Issued 2,376,550 common shares for gross proceeds of ~$6.0 million on June 27, 2023.
- Exercising holders received new warrants to purchase up to 4,753,100 shares at $2.50.
- Special Equities Group acted as agent, earning $0.4M cash fee and a warrant for 166,359 shares.
- Securities issued under Regulation D exemption; not registered under Securities Act.

## SEC filing metadata
- accession: 0001683168-23-004635
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004635/0001683168-23-004635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316823004635/kartoonstudios_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004635
- JSON: https://secwatch.observer/filing/0001683168-23-004635.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004635.txt

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