Kartoon Studios receives $28.475M aggregate settlement from lawsuit defendants

Kartoon Studios, Inc.

Settlement in Augenbaum v. Anson Investments Master Fund LP et al., S.D.N.Y. Case No. 1:22-CV-00249-AS.
Five settling parties pay $28,475,000 aggregate, less plaintiff counsel fees/expenses, with mutual releases.
Court approved three settlements on June 2 and June 4, 2026; two remaining pending court approval.
Company received cash from settlement proceeds, strengthening balance sheet.

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