SCHEDULE: Armistice Capital Boosts Kartoon Studios Stake

Armistice Capital, LLC and Steven Boyd report a 5.18% beneficial ownership stake in Kartoon Studios, Inc. common stock.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively the "Reporting Persons," reported beneficial ownership of 2,473,801 shares of Kartoon Studios, Inc. common stock.
• This ownership represents 5.18% of Kartoon Studios, Inc.'s outstanding common stock.
• The percentage is calculated based on 47,793,720 shares outstanding as of May 14, 2025, as reported by Kartoon Studios, Inc. in its Form 10-Q filed on May 15, 2025.
• Armistice Capital, LLC, as the investment manager of Armistice Capital Master Fund Ltd., and Steven Boyd, as the managing member of Armistice Capital, share voting and dispositive power over these shares.
• The shares are held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company and an investment advisory client of Armistice Capital.

Sentiment

Score: 7

Explanation: The disclosure of a significant beneficial ownership stake by an institutional investor like Armistice Capital, LLC, and its managing member, Steven Boyd, is generally viewed positively as it signals institutional interest and potential confidence in the company's prospects.

Positives

• A significant institutional investor, Armistice Capital, LLC, and its managing member, Steven Boyd, have disclosed a 5.18% beneficial ownership stake in Kartoon Studios, Inc.
• This indicates a notable level of confidence or strategic interest from a professional investment firm in the company's common stock.

Stakeholder Impact

• Shareholders may perceive the increased institutional ownership as a positive signal, potentially boosting investor confidence in the company.

Key Dates

Keywords

Kartoon Studios, Armistice Capital, Steven Boyd, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investment, Equity Stake