Kartoon Studios, Inc. (TOON) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
TOON currently has 56.3M outstanding shares. with significant dilution risk as 44.4M authorized shares could dilute existing holders by 78.8%. The company has significantly diluted shareholders by 42.68% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 24, 2026 |
8-K filing: Kartoon Studios, Inc. issued 2,553,047 shares of its common stock to Continuation Capital, Inc. in exchange for the settlement of past due obligations and accounts payable of the Company in the aggregate amount of $1,143,884 and an additional amount of $315,000. ($1.46M proceeds) |
56M | 44M |
| Mar 31, 2026 |
10-K filing | 56.3M shares outstanding |
56M | 44M |
| Nov 28, 2025 |
8-K filing: The Company entered into an agreement with Continuation Capital, Inc. to pay obligations by issuing 1,705,071 shares of its common stock to CCI, with the agreement becoming binding on November 26, 2025, upon NYSE American approval. ($0.97M proceeds) |
54M | 47M |
| Nov 14, 2025 |
10-Q filing | 53.9M shares outstanding |
54M | 47M |
| Oct 21, 2025 |
8-K filing: Kartoon Studios, Inc. entered into a securities purchase agreement for a registered direct offering of 3,000,000 shares of common stock and pre-funded warrants to purchase up to 6,903,049 shares, along with a concurrent private placement of common warrants to purchase up to 9,903,049 shares, with expected gross proceeds of approximately $7.3 million. ($7.31M proceeds) |
48M | 53M |
| Sep 05, 2025 |
8-K filing: Kartoon Studios, Inc. issued 3,148,535 shares of its common stock to Continuation Capital, Inc. to pay obligations in the aggregate amount of $1,799,162.60, pursuant to an exemption from the registration requirements under Section 3(a)(10) of the Securities Act of 1933. ($1.8M proceeds) |
48M | 53M |
| Aug 14, 2025 |
10-Q filing | 47.8M shares outstanding |
48M | 53M |
| May 15, 2025 |
10-Q filing | 46.7M shares outstanding |
47M | 54M |
| Mar 31, 2025 |
10-K filing | 47.8M shares outstanding |
48M | 53M |
| Dec 18, 2024 |
8-K filing: Kartoon Studios, Inc. consummated a public offering of 4,375,000 shares of common stock, pre-funded warrants to purchase up to 3,519,736 shares of common stock, Series A common warrants to purchase up to 7,894,736 shares of common stock and Series B common warrants to purchase up to 7,894,736 shares of common stock, receiving aggregate gross proceeds of approximately $4.5 million. ($4.49M proceeds) |
44M | 57M |
| Dec 17, 2024 |
POS AM filing: This is a POS AM filing related to the offering of shares of common stock, pre-funded warrants, Series A common warrants, Series B common warrants, and placement agent warrants. |
40M | 61M |
| Dec 16, 2024 |
S-1/A filing: This S-1/A filing relates to an offering of up to $14,681,250 of the company's securities, including shares of common stock (or pre-funded warrants in lieu thereof), Series A and Series B common stock purchase warrants, and placement agent warrants. |
40M | 63M |
| Dec 11, 2024 |
S-1/A filing: This is a reasonable best efforts offering of Common Stock and accompanying Series A Common Warrants and Series B Common Warrants or Pre-Funded Warrants and accompanying Common Warrants for working capital and general corporate purposes. |
40M | 63M |
| Nov 22, 2024 |
S-1/A filing: This S-1/A filing relates to the registration of shares of common stock and accompanying warrants, or pre-funded warrants with accompanying warrants, for a proposed offering amount of $7.0 million, intended for working capital and general corporate purposes. |
40M | 63M |
| Nov 14, 2024 |
10-Q filing | 39.5M shares outstanding |
39M | 72M |
| Oct 18, 2024 |
S-1/A filing: This is an offering of up to 10,000,000 shares of common stock or pre-funded warrants to purchase common stock on a best efforts basis through Roth Capital Partners. |
40M | 72M |
| Sep 27, 2024 |
S-1 filing: The company is offering common stock and pre-funded warrants on a best efforts basis, with Roth Capital Partners acting as the placement agent. |
40M | 61M |
| Aug 14, 2024 |
10-Q filing | 38.4M shares outstanding |
38M | 62M |
| May 15, 2024 |
10-Q filing | 39.4M shares outstanding |
39M | 61M |
| Apr 24, 2024 |
8-K filing: Kartoon Studios, Inc. announced the initial closing of its registered direct offering, selling 3,900,000 shares of common stock and pre-funded warrants to purchase up to 100,000 shares to an institutional investor at $1.00 per share and $0.99 per warrant, for gross proceeds of approximately $4,000,000. ($4.0M proceeds) |
34M | 67M |
| Apr 19, 2024 |
8-K filing: Kartoon Studios, Inc. entered into a securities purchase agreement to issue and sell up to 7,000,000 shares of common stock and/or pre-funded Common Stock purchase warrants to certain institutional investors in up to four closings, with the initial closing offering 4,000,000 shares and/or warrants at $1.00 per share or $0.99 per warrant. |
34M | 67M |
| Apr 09, 2024 |
10-K filing | 33.7M shares outstanding |
34M | 67M |
| Dec 22, 2023 |
S-3 filing: Kartoon Studios, Inc. is offering common stock, preferred stock, warrants, debt securities, rights to purchase common stock or other securities or units having a maximum aggregate offering price of $75,000,000. |
32M | 68M |
| Nov 17, 2023 |
10-Q filing | 35.1M shares outstanding |
35M | 13M |
| Nov 17, 2023 |
S-3/A filing: This prospectus relates to the possible resale by the selling stockholders of an aggregate of up to 4,784,909 shares of common stock issuable upon exercise of certain outstanding Common Stock purchase warrants. |
32M | 16M |
| Aug 14, 2023 |
10-Q filing | 32.4M shares outstanding |
32M | 16M |
| Jul 26, 2023 |
S-3 filing: This prospectus relates to the possible resale by the selling stockholders named in this prospectus of an aggregate of up to 4,784,909 shares of common stock of Kartoon Studios, Inc., issuable upon exercise of certain outstanding Common Stock purchase warrants, issued by us to the selling stockholders on June 26, 2023. |
35M | 13M |
| Jul 03, 2023 |
8-K filing: The Company issued 2,376,550 shares of Common Stock to exercising warrant holders, resulting in approximately $6.0 million gross proceeds and issued new warrants to purchase up to 4,753,100 shares of Common Stock. ($6.4M proceeds) |
32M | 12M |
| Jun 27, 2023 |
8-K filing: The Company entered into letter agreements with certain investors to exercise outstanding common stock purchase warrants, resulting in gross proceeds of approximately $6.0 million and the issuance of new warrants. |
32M | 12M |
| May 22, 2023 |
10-Q filing | 32.0M shares outstanding |
32M | 23M |
| Apr 13, 2023 |
10-K filing | 31.4M shares outstanding |
31M | 24M |
| Feb 10, 2023 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 317,282,770 → 31,847,753 |
32M | 23M |
| Nov 14, 2022 |
10-Q filing | 317.3M shares outstanding |
320M | 230M |
| Aug 17, 2022 |
10-Q filing | 315.5M shares outstanding |
320M | 240M |
| May 16, 2022 |
10-Q filing | 303.8M shares outstanding |
300M | 250M |
| May 12, 2022 |
S-1 filing: This S-1 filing relates to the registration of shares of common stock issuable upon exchange, retraction or redemption of exchangeable shares of Wow Exchange Co Inc., a wholly-owned Canadian subsidiary, in connection with the acquisition of Wow Unlimited Media, Inc. |
320M | 240M |
| Apr 06, 2022 |
10-K filing | 297.5M shares outstanding |
300M | 250M |
| Dec 06, 2021 |
8-K filing: Genius Brands International, Inc. entered into a Share Purchase Agreement to acquire 3,000,000 shares of Your Family Entertainment Aktiengesellschraft and issued 2,281,269 shares of its common stock as part of the consideration. |
300M | 250M |
| Nov 15, 2021 |
10-Q filing | 301.0M shares outstanding |
300M | 250M |
| Aug 16, 2021 |
10-Q filing | 301.0M shares outstanding |
300M | 250M |
| Mar 31, 2021 |
10-K filing | 300.3M shares outstanding |
300M | 250M |
| Feb 02, 2021 |
8-K filing: Genius Brands International, Inc. acquired ChizComm Ltd. and ChizComm USA Corp. for $8.5 million in cash and 1,966,292 shares of common stock, with a portion of the shares held in escrow and the potential for additional shares based on performance. ($3.5M proceeds) |
220M | 330M |
| Feb 02, 2021 |
S-3 filing: This S-3 filing registers 39,740,500 shares of common stock for resale by selling stockholders, issuable upon exercise of certain outstanding common stock purchase warrants. |
300M | 250M |
| Jan 28, 2021 |
8-K filing: Genius Brands International, Inc. entered into letter agreements with certain existing institutional and accredited investors to exercise warrants to purchase up to 39,740,500 shares of the Company's common stock at $1.55 per share. The gross proceeds to the Company from the Exercise are expected to be approximately $61.6 million. ($61.6M proceeds) |
220M | 220M |
| Nov 19, 2020 |
8-K filing: Andy Heyward, CEO of Genius Brands International, Inc., converted all remaining outstanding shares of the Company's Series A Convertible Preferred Stock into 476,190 shares of the Company's common stock. |
220M | 220M |
| Nov 17, 2020 |
8-K filing: Genius Brands International, Inc. entered into a binding letter of intent to acquire ChizComm Ltd. and ChizComm USA Corp. for $8,500,000 in cash and $3,500,000 in shares of common stock at closing, with up to $8,000,000 in additional shares to be issued over four years based on performance. |
220M | 220M |
| Nov 16, 2020 |
10-Q filing | 219.0M shares outstanding |
220M | 220M |
| Oct 30, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement with certain investors to issue and sell 37,400,000 shares of common stock and warrants to purchase up to 37,400,000 shares at a purchase price of $1.55 per combination, for gross proceeds of approximately $57.9 million, which closed on October 30, 2020. ($57.9M proceeds) |
220M | 220M |
| Sep 04, 2020 |
S-3 filing: Genius Brands International, Inc. intends to issue up to $100,000,000 of common stock, preferred stock, and debt securities from time to time at prices and on terms to be determined at or prior to the time of the offering. |
220M | 220M |
| Aug 14, 2020 |
10-Q filing | 218.9M shares outstanding |
220M | 120M |
| Jun 26, 2020 |
S-3 filing: This is an S-3 filing for the resale of 59,523,812 shares of common stock previously issued upon conversion of Senior Secured Convertible Notes and also mentions direct offerings of common stock at various dates and prices. |
50M | 290M |
| Jun 23, 2020 |
8-K filing: Genius Brands International, Inc. entered into conversion agreements with its holders of senior secured convertible notes to convert an aggregate principal amount of $13,750,000 into 65,476,191 shares of common stock. |
50M | 200M |
| Jun 18, 2020 |
8-K filing: Genius Brands International, Inc. issued warrants to purchase common stock to Oak Productions, Inc. and MSA Advisors, LLC as compensation. |
50M | 200M |
| Jun 04, 2020 |
S-3 filing: This S-3 filing registers for resale 60,100,617 shares of common stock by selling stockholders, consisting of shares previously issued upon cashless exercise of warrants and shares issuable upon exercise of outstanding warrants at $0.21 per share. |
50M | 200M |
| May 28, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to issue and sell 20,000,000 shares of common stock at $1.50 per share in a registered direct offering, for gross proceeds of $30.0 million. ($30.0M proceeds) |
50M | 140M |
| May 18, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to issue and sell 7,500,000 shares of common stock at $1.20 per share for gross proceeds of $9.0 million in a registered direct offering. ($9.0M proceeds) |
30M | 160M |
| May 18, 2020 |
10-Q filing | 49.6M shares outstanding |
50M | 140M |
| May 15, 2020 |
8-K filing: Genius Brands International, Inc. completed a financing on March 17, 2020, involving the issuance of Senior Secured Convertible Notes and warrants to purchase common stock to accredited investors, as well as warrants to the Placement Agent. |
30M | 160M |
| May 08, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to issue and sell 12,000,000 shares of common stock at $0.454 per share in a registered direct offering, with gross proceeds of $5.448 million before fees. ($5.45M proceeds) |
30M | 160M |
| May 07, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to issue and sell 8,000,000 shares of common stock at $0.35 per share in a registered direct offering for gross proceeds of $2.8 million. ($2.8M proceeds) |
30M | 160M |
| Mar 30, 2020 |
10-K filing | 29.6M shares outstanding |
30M | 160M |
| Mar 23, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to issue and sell 4,000,000 shares of common stock at $0.2568 per share for gross proceeds of approximately $1.0 million in a registered direct offering. ($1.0M proceeds) |
26M | 160M |
| Mar 11, 2020 |
8-K filing: Genius Brands International, Inc. entered into a Securities Purchase Agreement to sell Senior Secured Convertible Notes and warrants, with Andy Heyward, the Company's Chairman and Chief Executive Officer, participating as an Investor. |
26M | 160M |
| Jan 31, 2020 |
S-1/A filing: This prospectus relates to the resale of up to 477,474 shares of our common stock issuable upon exercise of certain outstanding warrants issued by us in a private placement. |
26M | 160M |
| Jan 17, 2020 |
S-3 filing: Genius Brands International, Inc. intends to offer up to $50,000,000 of any combination of common stock, preferred stock, debt securities, or purchase contracts. |
23M | 170M |
| Jan 16, 2020 |
8-K filing: Holders of Series A Convertible Preferred Stock converted 666 shares into 3,171,428 shares of common stock. The company now has 25,049,152 shares of common stock issued and outstanding. |
25M | 0 |