Kartoon Studios, Inc 8-K, filed Nov 5, 2026
Kartoon Studios, Inc. (TOON)
About this 8-K
Kartoon Studios, Inc filed this 8-K on November 5, 2026.
Kartoon Studios’ wholly owned KSAC filed for a proposed $300 million IPO, comprising 30,000,000 units at $10.00 each and targeting media and entertainment acquisitions. E.F. Hutton & Co. is sole book-running manager. AI summary
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
On November 5, 2026, Kartoon Studios, Inc. (the “Company”) issued a press release announcing that Kartoon Studios Acquisition Corp. (“KSAC”), a corporation organized as a special purpose acquisition company, filed a Registration Statement on Form S-1 (“Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) in connection with a proposed initial public offering of its units. KSAC is directly owned by Toon Acquisition LLC, a subsidiary of the Company (the “Sponsor”), that was organized by, and to which the initial capital was contributed by, the Company. The Company owns 100% of the Sponsor. KSAC will be managed by several members of the Company’s management team.
A registration statement, including a prospectus, which is preliminary and subject to completion, relating to the units of KSAC has been filed with the SEC but has not yet become effective. The units may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the units in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. When available, copies of the prospectus related to the proposed initial offering by KSAC may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov or by sending a written request to EF Hutton, 745 Fifth Avenue, 34th Floor & PH, New York, NY, 10151, Attention: Syndicate Department, or by emailing a request to syndicate@efhutton.com or by calling (212) 970-3700.
The information contained in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated November 5, 2026 | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KARTOON STUDIOS, INC. | ||
| Date: November 5, 2026 | By: | /s/ Andy Heyward |
| Name: | Andy Heyward | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
KARTOON STUDIOS Announces
$300 MILLION SPAC, KARTOON STUDIOS
ACQUISITION CORPORATION
EF Hutton will be Sole Underwriter
BEVERLY HILLS, Calif., November 5, 2026 – Kartoon Studios, Inc. (NYSE American: TOON) ("Kartoon Studios" or the "Company") today announced that Kartoon Studios Acquisition Corp. ("KSAC") has publicly filed a registration statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC"). The filing is for a proposed $300 million initial public offering. KSAC is a newly formed special purpose acquisition company, and its initial public offering will be underwritten by E.F. Hutton & Co.
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The Offering: Size: 30,000,000 units at $10.00 per unit, for gross proceeds of $300.0 million. KSAC also expects to provide the underwriters an option to buy up to an additional 15% of the units to cover overallotments, if any.
| · | Trust account: The offering proceeds will be placed in a trust account for the benefit of KSAC's public shareholders, as described in the Registration Statement. | |
| · | Unit structure: Each unit consists of one Class A ordinary share and one redeemable warrant. Each warrant entitles the holder to buy one Class A ordinary share. | |
| · | Listing: KSAC intends to list its units on the New York Stock Exchange under the symbol "KACQ U." | |
| · | Book-runner: E.F. Hutton & Co. is acting as sole book-running manager. |
KSAC intends to pursue business combination targets in media and entertainment. KSAC will be led by:
| · | Andy Heyward, Chairman and CEO of Kartoon Studios and KSAC | |
| · | Brian Parisi, CFO of Kartoon Studios and KSAC | |
| · | Michael Jaffa, Chief Operating Officer of Kartoon Studios and KSAC |
There can be no assurance that the public filing of the Registration Statement will result in any transaction or other action by KSAC. Kartoon Studios does not intend to comment on or provide updates about these matters unless and until it determines that further disclosure is appropriate or required based on the then-current facts and circumstances.
A registration statement, including a prospectus, relating to these securities has been filed with the SEC but has not yet become effective. The prospectus is preliminary and subject to completion. These securities may not be sold, nor may offers to buy be accepted, before the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. There shall be no sale of these securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful before registration or qualification under that jurisdiction's securities laws.
When available, copies of the prospectus related to the proposed initial offering by KSAC may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov or by sending a written request to EF Hutton, 745 Fifth Avenue, 34th Floor & PH, New York, NY, 10151, Attention: Syndicate Department, or by emailing a request to syndicate@efhutton.com or by calling (212) 970-3700.
About Kartoon Studios
Kartoon Studios (NYSE American: TOON) is a global, vertically integrated children's and family entertainment company. It turns owned and controlled intellectual property into enduring, multi-platform franchises. The Company develops, produces, distributes, licenses and monetizes content across the full value chain, creating multiple revenue streams and long-term brand value.
For more information, visit www.kartoonstudios.com.
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Important Cautions Regarding Forward-Looking Statements
Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements and include statements regarding: the launch and closing of KSAC’s proposed $300 million initial public offering; the use of offering proceeds for the benefit of KSAC’s public shareholders; each warrant entitling the holder thereof to buy one Class A ordinary share of KSAC; KSAC listing its units on the New York Stock Exchange under the symbol “KACQ U”; KSAC pursuing business combination targets in media and entertainment that complement the experience and expertise of Kartoon Studios’ management team’ and the Company developing, producing, distributing, licensing and monetizing content across the full value chain, creating multiple revenue streams and long-term brand value.
While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, those risk factors set forth in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
MEDIA CONTACT:
pr@kartoonstudios.com
INVESTOR RELATIONS CONTACT:
ir@kartoonstudios.com
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