other material
confidence high
sentiment neutral
materiality 0.60
Kartoon Studios issues Series C Preferred dividend to secure vote on authorized share increase
Kartoon Studios, Inc.
- One one-thousandth of Series C Preferred per common share; record date Oct 2, 2023.
- Series C voting rights limited to proposal to raise authorized common shares from 40M to 190M.
- Series C automatically redeemed after shareholder vote for nominal cash (2 cents per ten shares).
- Bylaws amended to reduce quorum for stockholder meetings from majority to 33.34%.