Kartoon Studios closes $4.5M public offering of common stock and warrants

Kartoon Studios, Inc.

Offered 4.375M shares, 3.52M pre-funded warrants, and 7.89M Series A and B warrants each at $0.57/unit.
Gross proceeds ~$4.5M; net proceeds for working capital and R&D.
Warrants exercisable only after stockholder approval, expected within 75 days.
Roth Capital Partners acted as placement agent with 7% fee and $75k expense reimbursement.
Post-offering shares outstanding: 44,014,793 (excluding warrant exercise).

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