Kartoon Studios inks $50,00,000 settlement

Kartoon Studios, Inc. entered into a new settlement agreement with an additional party in the Augenbaum v.

Rhea-AI Filing Summary

Kartoon Studios, Inc. entered into a new settlement agreement with an additional party in the Augenbaum v. Anson Investments Master Fund LP et al. action. The Settling Party agreed to pay aggregate settlement payments of $50,00,000 minus fees and expenses of plaintiff’s counsel, with mutual releases between the parties.

On June 11, 2026, the court approved this settlement, meaning all settlement agreements with settling parties in the case have now been approved. The action continues against two remaining defendants that have not settled.

Insights

Litigation and corporate governance analyst

Kartoon Studios secures court-approved settlement payments while litigation partially continues.

Kartoon Studios obtained court approval for a settlement with an additional defendant in the Augenbaum v. Anson Investments Master Fund LP et al. case. The Settling Party agreed to pay aggregate settlement payments of $50,00,000 minus fees and expenses of plaintiff’s counsel, and both sides granted mutual releases.

This outcome provides defined cash inflow terms from this Settling Party and removes further litigation risk with that counterparty. However, the action still continues against two remaining defendants, so overall case exposure is not fully resolved. Future court developments involving the remaining defendants will determine the final litigation outcome.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/16/2026 - 08:55 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 11, 2026

KARTOON STUDIOS, INC.

(Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction
of incorporation or organization) 001-37950 (Commission
File Number) 20-4118216 (I.R.S. Employer
Identification No.)

190 N. Canon Drive, 4th Fl., Beverly Hills, CA 90210

(Address of principal executive offices) (Zip Code)

(310) 273-4222

Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	TOON	NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On June 11, 2026, the Company entered into a settlement agreement with an additional party (the “Settling Party”) in the action captioned Augenbaum v. Anson Investments Master Fund LP et al., Case No. 1:22-CV-00249-AS, pending in the United States District Court for the Southern District of New York. The Settling Party agreed to pay the Company aggregate settlement payments of $50,00,000 minus fees and expenses of plaintiff’s counsel, subject to certain terms and conditions and the parties agreed to mutual releases. On June 11, 2026, the court approved the settlement agreement entered into with such additional Settling Party. With this approval, the court has now approved all of the settlement agreements entered into with the settling parties. The action continues against the two remaining defendants,who have not settled.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	KARTOON STUDIOS, INC.
Date: June 16, 2026	By:	/s/ Andy Heyward
	Name:	Andy Heyward
	Title:	Chief Executive Officer

2

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB