Kartoon Studios, Inc. has entered into a significant agreement with Continuation Capital, Inc. to settle obligations amounting to $1,799,162.60. This will be achieved by issuing up to 3,148,535 shares of common stock to Continuation Capital. The Circuit Court of the Twelfth Judicial Circuit in Sarasota County, Florida, approved the agreement on August 28, 2025, and it became binding on September 2, 2025, following approval from the NYSE American for the issuance of the shares. The shares will be issued at a rate of 1.75 shares per dollar of obligation, under an exemption from registration requirements of the Securities Act of 1933.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kartoon Studios, Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-006730), on September 05, 2025, and is solely responsible for the information contained therein.