Kartoon Studios to issue up to 3.15M shares to settle $1.8M debt with CCI

Kartoon Studios, Inc.

Settles $1,799,162.60 in liabilities by issuing up to 3,148,535 common shares at 1.75 shares per dollar.
Shares issued under Section 3(a)(10) exemption; court and NYSE American approvals obtained.
Represents approx. 6.6% dilution based on ~47.98M shares outstanding.
Default triggers include stock price below $0.60 or 30-day avg volume below 175k shares.
Company reserves 3,148,535 shares; further issuance may require shareholder approval if >19.99%.

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