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 (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.
Kartoon Studios (TOON) appointed Jeffrey Schlesinger to its Board of Directors, effective October 10, 2025. The Board has not yet determined the committees on which he will serve. Mr. Schlesinger, 70, is the former President of Warner Bros. Worldwide Television Distribution, with three decades of operational, strategic, financial, and sales experience. He will receive the standard compensation provided to the company’s non-employee directors.
The company noted no family relationships or related‑party transactions under Item 404(a). A press release announcing the appointment was furnished as Exhibit 99.1 on October 17, 2025.
Anthony D. Thomopoulos, a director of Kartoon Studios, Inc. (TOON), filed a Form 4 disclosing an acquisition on 10/02/2025. The filing reports the acquisition of 3,463 shares of the issuer's common stock with a reported price of $0. Following the transaction, the reporting person beneficially owns 126,176 shares in direct form. The form includes a note that the issuer effected a 10-for-1 reverse stock split effective February 6, 2023, which converted every 10 shares into 1 share of common stock. The Form 4 is signed by Mr. Thomopoulos and indicates it was filed by one reporting person.
Andy Heyward, CEO and Chairman of Kartoon Studios, Inc. (TOON), reported insider transactions on 09/19/2025. The filing shows a disposition of 1,783,115 shares of common stock and the grant of 2,000,000 restricted stock units (RSUs) under a new employment agreement dated August 25, 2025. Each RSU converts to one share and vests in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment. The report notes indirect ownership of 99,073 shares and 124 shares held in the Heyward Living Trust. After these transactions, the Reporting Person beneficially owns 3,031,249 shares.
Kartoon Studios director Henry Sicignano III reported a Form 4 disclosing a non-derivative purchase of 6,097 shares of Kartoon Studios, Inc. (ticker TOON) on 09/18/2025 at a reported price of $0. After the reported acquisition, Mr. Sicignano beneficially owns 62,116 shares. The filing is signed by the reporting person on 09/18/2025. The document also notes a prior 10-for-1 reverse stock split effected on February 6, 2023, which converted every ten shares into one share. The Form 4 is filed by one reporting person and indicates the reporting person serves as a director.
Anthony D. Thomopoulos, a director of Kartoon Studios, Inc. (TOON), reported acquiring 6,097 shares of the issuer's common stock on 09/18/2025 at a reported price of $0. After the reported transaction, Mr. Thomopoulos beneficially owned 122,713 shares. The filing is a Form 4 disclosure of a non-derivative acquisition by an insider and includes a remark noting the company completed a 10-for-1 reverse stock split effective February 6, 2023, which converted every 10 shares into 1 share.
Cynthia Turner-Graham, a director of Kartoon Studios, Inc. (TOON), reported acquiring 6,097 shares of the company's common stock on 09/18/2025 at a reported price of $0. After the transaction she beneficially owns 58,981 shares. The filing notes that on February 6, 2023 the company effected a 10-for-1 reverse stock split, which converted every ten pre-split shares into one post-split share.
The Form 4 is filed individually by the reporting person and reflects a non-derivative acquisition of common stock. The entry shows the reporting person is identified as a director and the transaction code is recorded as an acquisition.
Kartoon Studios director Gray Davis reported a non-derivative acquisition of common stock on 09/18/2025. The Form 4 shows Mr. Davis acquired 6,097 shares at a reported price of $0, increasing his beneficial ownership to 77,500 shares. The filing identifies him as a director and was signed on 09/18/2025. The form also includes a disclosure that the company effected a 10-for-1 reverse stock split on February 6, 2023, which converted every 10 pre-split shares into 1 post-split share.
Margaret Loesch, a director of Kartoon Studios, Inc. (TOON), reported an acquisition of 6,079 shares of the issuer's common stock on 09/18/2025. The Form 4 shows the transaction coded as an acquisition (A) and lists the price as $0. After the reported transaction, Ms. Loesch beneficially owns 63,447 shares. The filing also reiterates that the company completed a 10-for-1 reverse stock split effective February 6, 2023, which converted every 10 shares into 1 share.