secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001683168-24-002622
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824002622/0001683168-24-002622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824002622/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002622

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