Kartoon Studios, Inc. reported the first quarter ended March 31, 2026 results: revenue $7.2 million.
“a more scalable operating foundation and the broader commercialization of the Company’s intellectual property portfolio. For the quarter, the Company reported total revenue of $7.2 million, with distribution revenue increasing 15% as compared to the same quarter last year, while total operating expenses declined 20%, contributing to improved operating performance.”
Equity Issuances
Kartoon Studios, Inc. issued 2,553,047 shares of its common stock of common stock to Continuation Capital, Inc. for settlement of certain past due obligations and accounts payable of the Company in the aggregate amount of $1,143,884 and an additional amount of $315,000.
“Kartoon Studios, Inc. (the “Company”) entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. (“CCI”) wherein the Company agreed to issue an aggregate of 2,553,047 shares of its common stock to CCI in exchange for the settlement of certain past due obligations and accounts payable of the Company (the “Subject Debts”) in the aggregate amount of $1,143,884, (the “Initial Settlement Amount”) and an additional amount of $315,000 (the “Additional Settlement Amount”).”
Material Agreements
Kartoon Studios, Inc. entered into Agreement with Continuation Capital, Inc. valued at $1,143,884 (effective 2026-04-20).
“Kartoon Studios, Inc. (the “Company”) entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. (“CCI”) wherein the Company agreed to issue an aggregate of 2,553,047 shares of its common stock to CCI in exchange for the settlement of certain past due obligations and accounts payable of the Company (the “Subject Debts”) in the aggregate amount of $1,143,884”
Earnings Releases
Kartoon Studios, Inc. reported full year ended December 31, 2025 results: revenue $39.4 million.
“For the full year 2025, revenue totaled $39.4 million, up 21% from $32.6 million in 2024”
Material Agreements
Kartoon Studios, Inc. entered into Agreement with Continuation Capital, Inc. valued at $ 968,612.79 (effective 2025-11-26).
“The Company entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. ("CCI") to pay obligations in the aggregate amount of $ 968,612.79 by issuing up to 1,705,071 million shares of its common stock to CCI (the “Shares”).”
Equity Issuances
Kartoon Studios, Inc. issued up to 1,705,071 million shares of its common stock of common stock to Continuation Capital, Inc. (CCI) for aggregate amount of $968,612.79.
“The Company entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. ("CCI") to pay obligations in the aggregate amount of $ 968,612.79 by issuing up to 1,705,071 million shares of its common stock to CCI (the “Shares”).”
Equity Issuances
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.
“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”
Dr. Stefan Piëch resigned as member of the Board of Directors at Kartoon Studios, Inc..
“On March 5, 2025, Dr. Stefan Piëch, a member of the Board of Directors (the “Board”) of Kartoon Studios, Inc. (the “Company”), notified the Company of his decision to resign, effective as such date, from his position as a member of the Board.”
Earnings Releases
Kartoon Studios, Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).
“On May 15, 2024, Kartoon Studios, Inc. (the “Company”) issued an earnings release announcing, among other things, the Company’s operational highlights for the first quarter ended March 31, 2024.”
Material Agreements
Kartoon Studios, Inc. entered into Placement Agreement with EF Hutton LLC (effective 2024-04-18).
“On April 18, 2024, the Company also entered into a placement agent agreement (the “Placement Agreement”) with EF Hutton LLC, as the placement agent (the “Placement Agent”), in connection with the Offering.”
Material Agreements
Kartoon Studios, Inc. entered into Purchase Agreement with certain institutional investors (effective 2024-04-18).
“On April 18, 2024, Kartoon Studios, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) pursuant to which the Company agreed to issue and sell directly to certain institutional investors up to 7,000,000 shares (the “Shares”) of common stock”
Earnings Releases
Kartoon Studios, Inc. reported financial results for the fourth quarter and year ended December 31, 2023.
“On April 9, 2024, Kartoon Studios, Inc. (the “Company”) issued an earnings release announcing, among other things, the Company’s operational highlights for the fourth quarter and year ended December 31, 2023.”
Auditor Changes
Kartoon Studios, Inc. reported that prior financial statements should not be relied upon.
“onths ended March 31, 2023, three and six months ended June 30, 2023 and the nine months ended September 30, 2023 (the “ Relevant Periods ”) and earning releases and other communications relating to the Relevant Periods should no longer be relied upon with respect to the errors described below and should be restated. The Company identified an error in its Consolidated Balance Sheets, Statements of Operations, Statements of Comprehensive Loss, Statements of Stockholders' Equity, and Statements of Cash Flow for each of the Relevant Periods and determined that these financial statements should be restated. The misstatement pertaining to the interim and annual periods of 2022 relate to an understatement of Deferred Tax Liability, net of $1.7 million with a corresponding increase to goodwill that were omitted from the Company’s purchase accounting and the misstatement pertaining to the interi”
Michael Hirsh resigned as Director at Kartoon Studios, Inc..
“On December 14, 2023, Michael Hirsh, a member of the Board of Directors (the “Board”) of Kartoon Studios, Inc. (the “Company”) resigned from the Board, effective December 14, 2023.”
Governance Changes
Kartoon Studios, Inc.: Stockholders approved an increase to the number of authorized shares of common stock from 40,000,000 to 190,000,000 shares, with a corresponding increase in total authorized shares from 50,000,000 to 200,000,000 shares, effective upon filing a Certificate of Change with the Nevada Secretary of State (effective 2023-11-09).
“At a special meeting of stockholders of Kartoon Studios, Inc. (the “ Company ”) held on November 1, 2023 (the “ Special Meeting ”), the Company’s stockholders approved an increase to the number of authorized shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”), from 40,000,000 shares to 190,000,000 shares and to reflect a corresponding increase in the total number of shares the Company is authorized to issue from 50,000,000 shares to 200,000,000 shares (the “ Authorized Share Increase ”).”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Adjourn the special meeting one or more times to solicit additional proxies if there are insufficient votes for Proposal 1 at the 2023-11-01 meeting.
“Proposal 2: To approve a proposal to adjourn the Special Meeting one or more times to solicit additional proxies if there are insufficient votes at the time of the meeting to adopt Proposal 1 (the “ Adjournment Proposal ”). This proposal was approved by stockholders, based on the following votes: Votes For Votes Against Votes Abstaining Broker Non-Votes 5,807,145,746 2,625,109,550 78,111,034 0”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Increase authorized shares of Common Stock from 40,000,000 to 190,000,000 with a corresponding increase in total authorized shares from 50,000,000 to 200,000,000 at the 2023-11-01 meeting.
“Proposal 1: To approve a proposed amendment to our Articles of Incorporation to increase our authorized shares of Common Stock from 40,000,000 shares to 190,000,000 shares with a corresponding increase in the total number of authorized shares of capital stock of the Company from 50,000,000 shares to 200,000,000 shares (the “ Authorized Share Increase Proposal ”). This proposal was approved by the stockholders, based on the following votes: Votes For Votes Against Votes Abstaining Broker Non-Votes 5,735,543,220 2,736,775,100 38,048,010 0”
Auditor Changes
Kartoon Studios, Inc. engaged Mazars USA LLP as its auditor.
“On October 25, 2023, the Audit Committee appointed Mazars USA LLP (“Mazars”) as the Company’s independent registered public accounting firm for the year ending December 31, 2023, effective immediately.”
Auditor Changes
Kartoon Studios, Inc. dismissed Baker Tilly US, LLP as its auditor.
“On October 23, 2023, as a cost saving measure, the audit committee (the “Audit Committee”) of the board of directors of Kartoon Studios, Inc. (the “Company”) dismissed Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm and approved replacing them with Mazars USA LLP.”
Robert Denton changed role as Executive Vice President of Finance and Accounting at Kartoon Studios, Inc..
“Mr. Denton will remain with the Company as the Executive Vice President of Finance and Accounting.”
Brian Parisi was appointed as Chief Financial Officer at Kartoon Studios, Inc..
“On September 27, 2023, Kartoon Studios, Inc. (the “Company”) appointed Brian Parisi, age 53, as the Chief Financial Officer of the Company, effective September 27, 2023.”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Proposal to approve, in accordance with 713(A) of the NYSE American Company Guide, the issuance of more than 19.99% of the Company's outstanding Common Stock upon the exercise of certain common stock purchase warrants at the 2023-09-20 meeting.
“Proposal to approve, in accordance with 713(A) of the NYSE American Company Guide, the issuance of more than 19.99% of the Company's outstanding Common Stock upon the exercise of certain common stock purchase warrants: Votes For Votes Against Votes Abstaining Broker Non-Votes 7,806,843 4,558,580 312,409 0”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Proposal to approve, on a non-binding, advisory basis, the frequency of holding future advisory votes on the compensation of the Company's named executive officers at the 2023-09-20 meeting.
“Proposal to approve, on a non-binding, advisory basis, the frequency of holding future advisory votes on the compensation of the Company's named executive officers: One Year Two Years Three Years Broker Non-Votes 4,711,681 803,361 6,279,925 882,865”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Proposal to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers at the 2023-09-20 meeting.
“Proposal to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers: Votes For Votes Against Votes Abstaining Broker Non-Votes 8,149,341 4,078,661 449,830 7,805,662”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Proposal to ratify the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-09-20 meeting.
“Proposal to ratify the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023: Votes For Votes Against Votes Abstaining Broker Non-Votes 17,426,309 1,953,688 1,103,497 0”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Election of Nine Director Nominees at the 2023-09-20 meeting.
“Election of Nine Director Nominees: Votes For Votes Withheld Broker Non-Votes Andy Heyward 9,341,163 3,336,669 7,805,662 Joseph "Gray" Davis 9,064,379 3,613,453 7,805,662 Michael Hirsh 10,104,802 2,573,030 7,805,662 Margaret Loesch 9,791,849 2,885,983 7,805,662 Stefan Piëch 9,937,609 2,740,223 7,805,662 Lynne Segall 9,088,893 3,588,939 7,805,662 Henry Sicignano III 9,811,943 2,865,889 7,805,662 Anthony Thomopoulos 9,817,982 2,859,850 7,805,662 Dr. Cynthia Turner-Graham 9,815,969 2,861,863 7,805,662”
M&A Transactions
Kartoon Studios, Inc. underwent a change of control (closed 2023-06-23).
“On June 23, 2023, Kartoon Studios, Inc. (formerly known as Genius Brands International, Inc., the “Company”) changed its corporate name to Kartoon Studios, Inc. through the merger of the Company with its wholly owned subsidiary Kartoon Studios, Inc., a Nevada corporation (the “Subsidiary”).”
Material Agreements
Kartoon Studios, Inc. entered into Letter Agreements with certain existing institutional and accredited investors valued at Exercise of warrants for cash proceeds of approximately $6.0 million; New Warrants to purchase up to (effective 2023-06-26).
“On June 26, 2023, the Company entered into letter agreements (the “Letter Agreements”) with certain existing institutional and accredited investors to exercise certain outstanding common stock purchase warrants (the “Existing Warrants”) to purchase shares of the Company’s common stock (“Common Stock”), par value $0.001 per share (the “Exercise”).”
P. Clark Hallren resigned as Director at Kartoon Studios, Inc..
“Mr. Hallren’s decision to resign as a director was not due to any disagreements with the Company”
Earnings Releases
Kartoon Studios, Inc. reported the year ended December 31, 2022 results: revenue $63.0 million.
“Full-year revenue increased 691% to $63.0 million, compared to $7.9 million in 2021.”
Governance Changes
Kartoon Studios, Inc.: Reverse stock split at a 1-for-10 ratio, effective February 10, 2023, via filing of Certificate of Change with Nevada Secretary of State (effective 2023-02-10).
“The Company effected the Reverse Stock Split pursuant to the Company’s filing of a Certificate of Change to the Articles of Incorporation (the “Certificate”) with the Nevada Secretary of State on February 9, 2023, in accordance with Nevada Revised Statutes (“NRS”) 78.209.”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Ratification of the selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022 at the 2022-12-12 meeting.
“(2) The selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022, was ratified, based on the following votes: Votes For Votes Against Abstentions 158290529 3635719 2696670”
Shareholder Votes
Kartoon Studios, Inc. shareholders approved Election of nine nominees to serve on the Board of Directors until the 2023 annual meeting or until their successors are elected and qualified at the 2022-12-12 meeting.
“(1) The following nine nominees were elected to serve on the Company’s Board of Directors until the Company’s 2023 annual meeting of stockholders or until their respective successors have been elected and qualified, or until their earlier resignation or removal: Name of Director Nominees Votes For Votes Withheld Broker Non-Votes Andy Heyward 73104077 7465946 84052894 Joseph “Gray” Davis 74360597 6209427 84052894 Lynne Segall 74537883 6032191 84052894 P. Clark Hallren 74731003 5839020 84052894 Anthony Thomopoulos 74399041 6170982 84052894 Margaret Loesch 74607697 5962326 84052894 Dr. Cynthia Turner-Graham 74411459 6158564 84052894 Michael Hirsh 75002203 5567821 84052894 Stefan Piëch 72459609 8110415 84052894”
Stefan Piëch was appointed as Director at Kartoon Studios, Inc..
“on June 23, 2022, the board of directors appointed Michael Hirsh of Mainframe Studios and Stefan Piëch of Your Family Entertainment to serve as members of the board of directors.”
Michael Hirsh was appointed as Director at Kartoon Studios, Inc..
“on June 23, 2022, the board of directors appointed Michael Hirsh of Mainframe Studios and Stefan Piëch of Your Family Entertainment to serve as members of the board of directors.”
Michael Klein resigned as Director at Kartoon Studios, Inc..
“On July 3, 2022, Michael Klein notified the Company of his decision to resign from the board of directors of the Company, effective immediately.”
Stefan Piëch was appointed as Director at Kartoon Studios, Inc..
“On June 23, 2022, the board of directors (the “Board”) of Genius Brands International, Inc. (the “Company”) increased the size of the Board to nine members and appointed Michael Hirsh and Stefan Piëch to serve as members of the Board, effective immediately.”
Michael Hirsh was appointed as Director at Kartoon Studios, Inc..
“On June 23, 2022, the board of directors (the “Board”) of Genius Brands International, Inc. (the “Company”) increased the size of the Board to nine members and appointed Michael Hirsh and Stefan Piëch to serve as members of the Board, effective immediately.”
Karen McTier resigned as Director at Kartoon Studios, Inc..
“Karen McTier notified the Company of her decision to resign from the board of directors and move to an employment relationship with the company as a licensing consultant in consumer products, effective as of March 31, 2022.”
Michael Hirsh was appointed as Director at Kartoon Studios, Inc..
“It is anticipated that the Company will appoint Michael Hirsh, Chief Executive Officer and a member of the Wow board of directors prior to the transaction described herein, to the Company’s Board of Directors (the “Board”).”
Robert Denton was appointed as Chief Financial Officer at Kartoon Studios, Inc..
“The Board re-appointed Robert Denton as the Company’s Chief Financial Officer, to serve as the Company’s principal financial officer and principal accounting officer.”
Zrinka Dekic resigned as Chief Financial Officer and Head of Strategy and Mergers and Acquisitions at Kartoon Studios, Inc..
“On March 24, 2022, the Board of Directors of Genius Brands International, Inc. (the “Company”) accepted the resignation of Ms. Zrinka Dekic who has served as Chief Financial Officer and Head of Strategy and Mergers and Acquisitions since December 13, 2021.”
Robert Denton changed role as Executive Vice President, Finance and Accounting at Kartoon Studios, Inc..
“Robert Denton, who will remain employed by the Company as its Executive Vice President, Finance and Accounting.”
Zrinka Dekic was appointed as Chief Financial Officer and Head of Strategy and Mergers and Acquisitions at Kartoon Studios, Inc..
“appointed Zrinka Dekic as the Company’s Chief Financial Officer and Head of Strategy and Mergers and Acquisitions”
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