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Kartoon Studios, Inc. filed an amendment to its 8-K to correct the final expiration time of its preferred stock rights…
TOONKartoon Studios, Inc.
Kartoon Studios, Inc. filed an amendment to its 8-K to correct the final expiration time of its preferred stock rights agreement to 5:00 p.m. New York City time on June 29, 2027. The company previously declared a dividend distribution of one right for each outstanding share of common stock, with a record date of July 13, 2026. The rights agreement includes a flip-in provision allowing holders to purchase shares at a discount if an acquiring person reaches a 10% ownership threshold. Kartoon Studios, Inc. is a media company that produces and distributes animated content.