What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-31 compared with 2024-04-09 · 32 added, 31 removed, 9 unchanged (88% of the section changed)

1 unchanged sentence

Market Information

On June 23, 2023, we were renamed Kartoon Studios, Inc.

On June 26, 2023, we transferred our listing to NYSE American LLC (“NYSE American”).

In connection with listing on NYSE American, we voluntarily delisted from the Nasdaq Capital Market (“Nasdaq”).

On June 23, 2023, we changed

our name from Genius Brands International, Inc.

to Kartoon Studios, Inc.

through our merger with and into our wholly owned subsidiary.

On June 26, 2023, we transferred our listing of our common stock from the Nasdaq Capital Market (“Nasdaq”) to NYSE American

LLC (“NYSE American”).

In connection with listing on NYSE American, we voluntarily delisted our common stock from Nasdaq.

Our common stock began trading on NYSE American under the new symbol “TOON” on June 26, 2023.

On February 6, 2023, our board of directors approved a 1-for-10 reverse stock split of our outstanding shares of common stock.

The reverse stock split was effected on February 10, 2023 at 5:00 p.m.

Eastern time.

At the effective time, every 10 issued and outstanding shares of our common stock were converted into one share of common stock.

Any fractional shares of common stock resulting from the reverse stock split were rounded up to the nearest whole post-split share and no shareholders received cash in lieu of fractional shares.

The par value of each share of common stock remained unchanged.

The reverse stock split proportionately reduced the number of shares of authorized common stock from 400,000,000 to 40,000,000 shares.

The reverse split also applied to common stock issuable upon the exercise of our outstanding warrants and stock options.

The reverse split did not affect the authorized preferred stock of 10,000,000 shares.

Unless noted, all references to shares of common stock and per share amounts contained in this Annual Report on Form 10-K have been retroactively adjusted to reflect a 1-for-10 reverse stock split.

As of April 5, 2024, there were approximately 188 stockholders of record of our common stock, although there is a significantly larger number of beneficial owners of our common stock.

We have never declared or paid any cash dividends on our capital stock, and we do not currently anticipate paying any cash dividends in the foreseeable future.

On February 10, 2023, we effected

a 1-for-10 reverse stock split of our outstanding shares of common stock.

The reverse stock split proportionately reduced the number of

shares of authorized common stock from 400,000,000 to 40,000,000 shares.

The reverse split also applied to common stock issuable upon

the exercise of our outstanding warrants and stock options.

The reverse split did not affect the

authorized preferred stock of 10,000,000 shares.

Unless noted, all references to shares of common stock and per share amounts contained

in this Annual Report on Form 10-K have been retroactively adjusted to reflect a 1-for-10 reverse stock split.

As of March 31,

2025, there were approximately 191 stockholders of record of our common stock, although we believe there to be a significantly

larger number of beneficial owners of our common stock.

We have never declared or

paid any cash dividends on our capital stock, and we do not currently anticipate paying any cash dividends in the foreseeable future.

Equity Compensation Plan Information

Information about our equity compensation plans is incorporated herein by reference to Part III, Item 12 of this Annual Report.

Information about our equity

compensation plans is incorporated herein by reference to Part III, Item 12 of this Annual Report.

Recent Sales of Unregistered Securities

On October 3, 2023, we issued 1,683 shares of common stock valued at $1.39 per share for production services.

On October 16, 2023, we issued 4,545 shares of common stock valued at $1.32 per share for production services.

On October 23, 2023, we issued 2,340 shares of common stock valued at $1.00 per share for production services.

On October 31, 2023, we issued 9,218 shares of common stock valued at $0.99 per share for production services.

On November 6, 2023, we issued 4,239 shares of common stock valued at $1.12 per share for production services.

On November 15, 2023, we issued 5,505 shares of common stock valued at $1.09 per share for production services.

On November 16, 2023, we issued 2,867 shares of common stock valued at $1.09 per share for production services.

On November 20, 2023, we issued 4,263 shares of common stock valued at $1.09 per share for production services.

On November 30, 2023, we issued 5,563 shares of common stock valued at $1.64 per share for production services.

On December 1, 2023, we issued 2,792 shares of common stock valued at $1.64 per share for production services.

On December 15, 2023, we issued 8,432 shares of common stock valued at $1.52 per share for production services.

In each case, the issuance of the shares of common stock was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

February 3, 2025, we issued 126,743 shares of common stock valued at $0.79 per share for charity event registration

issuance of the shares of common stock was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

Company Purchases of Equity Securities

The table below summarizes such repurchase during the quarterly period ended December 31, 2023:

Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plans or Programs

The table below summarizes

such repurchase during the quarterly period ended December 31, 2024:

Total Number of Shares Purchased

Average Price Paid per Share

Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plans or Programs

October 1, 2024 - October 31, 2024

1 unchanged sentence

December 1, 2024 - December 31, 2024

Total – $ – – –

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity