InvestorNewsBreaks – Kartoon Studios Inc. (NYSE American: TOON) Announces Initial Closing of $4M Registered Direct Offering
Kartoon Studios (NYSE American: TOON), a global end-to-end creator, producer, distributor, marketer and licensor of entertainment brands, recently announced the initial closing of a registered direct offering to a certain institutional investor. The announcement noted that the offering is pursuant to a securities purchase agreement, dated April 18, 2024, of up to 7,000,000 shares of the company’s common stock, par value $0.001 per share, and/or…