secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001683168-23-004635
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316823004635/0001683168-23-004635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316823004635/kartoonstudios_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer