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.

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