Kartoon Studios receives $50M settlement from additional party in Augenbaum litigation

Kartoon Studios, Inc.

Corrected settlement amount is $50,000,000 (original 8-K erroneously reported $5,000,000).
Court approved the settlement agreement with the additional Settling Party on June 11, 2026.
Settlement payments to the company are net of plaintiff's counsel fees and expenses.
Action continues against two remaining defendants in the Southern District of New York.
All other disclosures in the original 8-K remain unchanged.

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