Kartoon Studios raises ~$7.3M in equity offering to fund new series and expansion

Kartoon Studios, Inc.

Gross proceeds of ~$7.3M from 3M shares, pre-funded warrants for 6.9M shares, and common warrants for 9.9M shares at $0.738/share.
Proceeds to fund global launch of 'Hundred Acre Wood's Winnie & Friends', 'Bitcoin Brigade', Stan Lee Universe expansion, and Kartoon Channel! content.
Common warrants exercisable at $0.738/share after six-month lockout, expiring five years from initial exercise date.
Investor agreed not to sell Company securities below $1.00 until December 31, 2025.
Placement agent Dawson James receives 7% cash fee and warrants for 693,213 shares at $0.8118 per share.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Kartoon Studios, Inc. issued 3,000,000 shares of common stock to an institutional investor for public offering price of $0.738 per share; aggregate gross proceeds of approximately $7.3 million.

Security: common stock
Shares: 3,000,000 shares
Purchaser: an institutional investor
Consideration: public offering price of $0.738 per share; aggregate gross proceeds of approximately $7.3 million

Exact text from the filing

Placement”), common warrants (the “Common Warrants”) to purchase an aggregate of up to 9,903,049 shares of Common Stock (the “Common Warrant Shares”), with an exercise price of $0.738. The Registered Direct Offering and the Concurrent Private Placement are collectively referred to in this Current Report on Form 8-K (“Current Report”) as the “Offerings.” The

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Kartoon Studios, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-007700

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