---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002622"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:26:01.711030+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kartoon Studios closes initial $4M tranche of up to $7M registered direct offering

## Summary
- Initial closing of registered direct offering raised $4M gross proceeds from 3.9M shares at $1.00/share and 100K pre-funded warrants at $0.99.
- Investor may purchase up to an additional 3M shares or warrants in three closings within 180 days for up to $3M more.
- Offering expenses approximated $670K, excluding placement agent fees; EF Hutton acted as sole placement agent.
- Securities offered under effective shelf registration S-3 (File 333-276259); prospectus supplement filed April 19, 2024.

## SEC filing metadata
- accession: 0001683168-24-002622
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316824002622/0001683168-24-002622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316824002622/kartoon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002622
- JSON: https://secwatch.observer/filing/0001683168-24-002622.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002622.txt

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