Kartoon Studios, Inc. filings document an entertainment operating company organized in Nevada and traded on NYSE American under TOON. The record includes Form 8-K reports on quarterly and annual results, material definitive agreements, share issuances tied to settlement of obligations, and governance matters such as director appointments, resignations and executive employment agreements.
Registration statements and current reports describe the company's securities registration activity, capital-structure disclosures, smaller reporting-company status and business in producing, distributing and licensing children's and family entertainment. These filings also cover exhibits, press releases and other formal disclosures tied to Toon Media Networks, Mainframe Studios and the company's branded intellectual-property portfolio.
Kartoon Studios, Inc. CEO and Chairman Andy Heyward filed an amended Form 4 updating his reported equity holdings in TOON. The filing identifies him as a director, officer, and reporting person acting individually.
The amendment explains that a previously reported grant of 2,000,000 restricted stock units, tied to a new employment agreement signed on August 25, 2025, was never finalized and no securities were issued, so the earlier report is being corrected. Following the corrected reporting, Heyward is shown with indirect ownership of 124 common shares through the Heyward Living Trust, 99,073 indirect common shares over which he has voting and dispositive power, and 1,783,115 common shares held directly, as well as 1,031,249 restricted stock units.
Kartoon Studios, Inc. reported new executive employment agreements and an equity-based settlement of certain obligations. Chief Financial Officer Brian Parisi will continue in his role for a two-year term starting January 1, 2026, with an annual base salary of $375,000 in the first year and $400,000 in the second year, plus eligibility for an annual performance bonus and 500,000 restricted stock units vesting over three years. Chief Operating Officer and General Counsel Michael Jaffa will serve under a three-year agreement effective November 14, 2025, with an initial $450,000 base salary that increases 5% annually, a $50,000 guaranteed bonus in December 2025, and 750,000 restricted stock units vesting over three years.
The company also entered into an agreement with Continuation Capital, Inc. to pay obligations totaling $968,612.79 by issuing up to 1,705,071 shares of common stock, at a rate of 1.75 shares per dollar of obligation. These shares will be issued as unregistered securities under an exemption provided by Section 3(a)(10) of the Securities Act of 1933, following approval by a Florida court and the NYSE American.
Kartoon Studios, Inc. has filed a resale registration statement on Form S-1 covering up to 10,596,262 shares of common stock. These shares consist of 9,903,049 shares issuable upon exercise of common warrants held by an institutional investor and 693,213 shares issuable upon exercise of placement agent warrants issued to Dawson James Securities and its designees.
The company is not selling shares in this offering and will not receive proceeds from any resale by the selling stockholders. It will receive cash only if the warrants are exercised, and currently plans to use any such proceeds for working capital and general corporate purposes. The registered resale follows October 2025 financings in which Kartoon sold 3,000,000 shares, pre-funded warrants for 6,903,049 shares, and common warrants for 9,903,049 shares, raising approximately $7.3 million in gross proceeds.
As of November 14, 2025, Kartoon had 53,905,697 shares outstanding, which would rise to 64,501,959 shares if all registered warrants are exercised. The prospectus highlights risks that resales of a large block of shares and potential future issuances could pressure the stock price and dilute existing holders.
Kartoon Studios, Inc. (TOON) director Jeffrey Schlesinger filed an initial Form 3 beneficial ownership report. The filing states that he held no securities of Kartoon Studios as of the event date of 10/10/2025. This means that, at the time he became a reporting insider, he did not own company stock or derivative securities such as options or warrants.
Armistice Capital, LLC and Steven Boyd filed an amended Schedule 13G reporting beneficial ownership in Kartoon Studios, Inc. (TOON) as of 09/30/2025. They report 2,492,839 shares of common stock, representing 4.99% of the class, with shared voting and dispositive power over all reported shares and no sole power.
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Armistice is investment manager to the Master Fund, the direct holder of the shares, and Boyd is Armistice’s managing member.
Kartoon Studios (TOON) furnished an 8-K announcing it issued a press release covering results for the quarter ended September 30, 2025. The press release is attached as Exhibit 99.1 and incorporated by reference into this report.
The company states the Item 2.02 information and Exhibit 99.1 are furnished, not filed, and are not incorporated by reference into other SEC filings. The report includes standard forward-looking statements language outlining business and financing risks.
Kartoon Studios, Inc. (TOON) reported Q3 2025 results. Total revenue was $9,877 for the quarter, up from $8,708 a year ago, driven by stronger production services. For the nine months, revenue reached $29,660 versus $23,170 in 2024, with production services at $21,036 offset by lower content distribution.
The company recorded a Q3 net loss of $6,515 and a nine‑month net loss of $19,373. Cash was $916 and restricted cash $514 as of September 30, 2025; total current assets were $27,089 against current liabilities of $32,512, resulting in negative working capital of $5,423. Management disclosed “substantial doubt” about continuing as a going concern, while noting an offering closed in October 2025 with aggregate gross proceeds of approximately $7.3 million.
Customer concentration remained high, with four customers accounting for 85.1% of Q3 revenue. As of November 14, 2025, 53,905,697 common shares were outstanding.
Kartoon Studios (TOON) director Anthony D. Thomopoulos reported an insider acquisition. On 11/03/2025, he acquired 3,205 shares of common stock at a price of $0. Following this transaction, his beneficial ownership stands at 129,381 shares held directly.
The filing also references the company’s 10-for-1 reverse stock split effective February 6, 2023, which consolidated prior common shares. This report was made on a Form 4 under Section 16 rules.
Kartoon Studios (TOON) signed a financing deal comprising a registered direct offering and a concurrent private placement with an institutional investor. The company will sell 3,000,000 common shares and pre-funded warrants for up to 6,903,049 shares, and issue common warrants to purchase up to 9,903,049 shares at an exercise price of $0.738.
Gross proceeds are approximately $7.3 million, with closing expected on October 22, 2025, subject to customary conditions. Pricing was set at $0.738 per share plus common warrant and $0.737 per pre-funded warrant plus common warrant. Net proceeds are earmarked for working capital and corporate purposes, including launches and marketing for Hundred Acre Wood’s Winnie & Friends, Bitcoin Brigade, the Stan Lee Universe rollout, and Kartoon Channel! content growth.
The common warrants become exercisable six months after issuance and expire five years later; pre-funded warrants are immediately exercisable at $0.001. Beneficial ownership caps apply at 4.99% (or 9.99% upon election). The company agreed to issuance limits through January 31, 2026 and to avoid Variable Rate Transactions until October 20, 2027, with an ATM permitted starting October 20, 2026.
Kartoon Studios, Inc. launched a registered direct offering of 3,000,000 shares and Pre-Funded Warrants to purchase up to 6,903,049 shares, plus the same number of underlying shares. Each share and privately placed Common Warrant is priced at $0.738, and each Pre-Funded Warrant and privately placed Common Warrant at $0.737.
The deal is expected to raise gross proceeds of $7,301,547 and approximately $6.6 million in net proceeds after fees and expenses. The company plans to use the cash for working capital and general corporate purposes, including marketing and launches tied to Winnie & Friends, Stan Lee Universe expansion, Bitcoin Brigade, and growth of Kartoon Channel!
In a concurrent private placement, the company is issuing Common Warrants to purchase up to 9,903,049 shares at an exercise price of $0.738 per share. As of October 20, 2025, shares outstanding were 49,865,237; assuming full exercise of the Pre-Funded Warrants sold here, shares outstanding would be 59,768,286. The Pre-Funded Warrants carry a 4.99% (or 9.99%) beneficial ownership cap and a nominal $0.001 exercise price.