secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001683168-24-008819
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824008819/0001683168-24-008819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316824008819/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008819

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