Workflow
Stan Lee Universe
icon
Search documents
Kartoon Studios Announces $7.3 Million Financing Priced at Market with Single Institutional Investor
Globenewswireยท 2025-10-20 13:15
Core Viewpoint - Kartoon Studios has secured approximately $7.3 million in equity investment to support its strategic initiatives, including the global launch of new content and expansion projects [2][3]. Group 1: Investment Details - The company entered into a securities purchase agreement with an institutional investor for the sale of approximately $7.3 million in equity [2]. - The offering is expected to close around October 22, 2025, pending customary closing conditions and NYSE American approval [3]. - The gross proceeds from the offering are anticipated to be approximately $7.3 million before deducting fees and expenses, with potential additional proceeds of about $7.3 million from common warrants if fully exercised [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, specifically to fuel the global launch and marketing of projects like Winnie & Friends, Stan Lee Universe expansion, and Bitcoin Brigade [3]. Group 3: Offering Structure - The investor will acquire 3,000,000 shares of common stock and pre-funded warrants for up to 6,903,049 shares, with a combined purchase price of $0.738 per share [4]. - Common warrants will have an exercise price of $0.738 per share and can be exercised after six months from issuance, lasting up to five years [4]. Group 4: Company Overview - Kartoon Studios is a leading global producer and distributor of children's and family entertainment, featuring well-known brands such as Stan Lee's Universe and Hundred Acre Wood's Winnie and Friends [9]. - The company operates Mainframe Studios, one of North America's largest animation producers, delivering over 22,000 minutes of award-winning programming [9]. - Kartoon Studios reaches audiences through various platforms, including its top-rated Kartoon Channel! streaming app [10].