secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001683168-26-003182
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kartoon Studios issues 2.55M shares to settle $1.46M in past due obligations
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- Issued 2,553,047 shares to Continuation Capital to settle $1,143,884 in debts plus $315,000 additional amount.
- Settlement price: 1.75 shares per dollar; shares issued under Section 3(a)(10) exemption.
- Agreement approved by Florida Circuit Court on April 13, 2026, and NYSE American on April 20, 2026.
- Beneficial ownership capped at 4.99%; sale volume limited to 25% of 10-day avg volume without consent.
- Shares are freely-trading, unregistered; company reserves at least 2,553,047 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316826003182/0001683168-26-003182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316826003182/toon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-003182

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