Kartoon Studios (TOON) registers 4.78M-share resale; Unterberg Legacy added
Rhea-AI Filing Summary
Kartoon Studios, Inc. files a prospectus supplement to register the resale from time to time of 4,784,909 shares of Common Stock by identified selling stockholders.
The supplement substitutes Unterberg Legacy, LLC for Andrew Arno as a selling stockholder with a transferred warrant to purchase 80,000 shares. The supplement notes the Common Stock last traded at $0.75 per share on June 9, 2026.
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Insights
Administrative resale registration; substitution of a selling holder.
The prospectus supplement updates the selling stockholder table to reflect a transfer of a warrant for 80,000 shares to Unterberg Legacy, LLC, which is now listed as a selling stockholder. The registered resale amount remains 4,784,909 shares.
Timing and method of resale are driven by the selling holders; cash-flow treatment indicates proceeds will go to the selling holders, not the issuer. Subsequent filings would show any changes to holders or resale methods.
Key Figures
Registered shares: 4,784,909 shares
Last reported sale price: $0.75
Transferred warrant (per-holder example): 80,000 shares
+1 more
4 metrics
Registered shares
4,784,909 shares
Resale registration (Prospectus Supplement No. 1)
Last reported sale price
$0.75
Last reported sale price on NYSE American on <date>June 9, 2026</date>
Transferred warrant (per-holder example)
80,000 shares
Warrant transferred to Unterberg Legacy, LLC as shown in selling stockholder table
Unterberg Legacy percent
less than 1%
Percent of outstanding Common Stock as stated in the table
Key Terms
Selling Stockholders, Prospectus Supplement, Warrant, Resale registration
4 terms
Selling Stockholders regulatory
"resale from time to time of up to 4,784,909 shares by the Selling Stockholders"
Selling stockholders are existing owners of a company's shares who are offering some or all of their holdings for sale, often as part of a public offering or secondary transaction. For investors this matters because such sales increase the number of shares available to buy, can signal how confident current owners are about future prospects, and may put short-term pressure on the stock price similar to more tickets being released for a popular event.
Prospectus Supplement regulatory
"This Prospectus Supplement No. 1 supplements the prospectus dated January 19, 2024"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Warrant financial
"transfer of a Warrant to purchase up to 80,000 shares of Common Stock"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
Resale registration regulatory
"relating to the resale from time to time of up to 4,784,909 shares"
Resale registration is the formal filing with securities regulators that allows previously restricted or privately held shares to be sold publicly. Think of it as getting official permission to unlock and list a sealed package of stock so it can be traded openly; that matters to investors because it increases liquidity, can change the number of shares available on the market, and reduces legal risk for sellers, all of which can affect a company’s share price.
Offering Details
resale/secondary
Offering
Offering Type
resale/secondary
Use of Proceeds
issuer_receives_no_resale_proceeds
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kartoon Studios' prospectus supplement (TOON) register?
It registers the resale from time to time of 4,784,909 shares of Common Stock by selling stockholders. The supplement updates the selling stockholder table and substitutes an entity as a selling holder.
Who was added as a selling stockholder in the supplement?
Unterberg Legacy, LLC was substituted as a selling stockholder following a transfer of a warrant to purchase 80,000 shares from Andrew Arno; James Satloff is identified as the managing member with voting and investment power.
Will Kartoon Studios receive proceeds from the registered sales?
The supplement concerns resale by selling stockholders; the registration covers resale by those holders. The prospectus indicates proceeds treatment pertains to the selling stockholders rather than the issuer.
What recent market price is disclosed for TOON common stock?
The supplement reports the last reported sale price was $0.75 per share on June 9, 2026. This price is provided as a reference and is not a transaction price for the registered shares.