Kartoon Studios, Inc. has announced an agreement with Continuation Capital, Inc. to settle obligations totaling $968,612.79 by issuing up to 1,705,071 shares of its common stock. The shares will be issued at a rate of 1.75 shares per dollar of the company's obligation, pursuant to an exemption from registration under Section 3(a)(10) of the Securities Act of 1933. The agreement received approval from the Florida Circuit Court on November 18, 2025, and became binding following NYSE American's approval of the share issuance on November 26, 2025.
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: 0001683168-25-008726), on November 28, 2025, and is solely responsible for the information contained therein.