Kartoon Studios, Inc. has filed an amendment to its Form 8-K to correct the final expiration time of its Preferred Stock Rights Agreement. The amendment clarifies that the Final Expiration Time of the Rights is 5:00 p.m., New York City time, on June 29, 2027, not July 29, 2027 as previously stated. This rights agreement, adopted on July 1, 2026, distributes one preferred stock right for each outstanding share of common stock. The plan is designed to impose significant dilution on any entity that acquires 10% or more of the company's common stock without the Board's approval. The rights become exercisable under specific conditions, such as a hostile takeover attempt or a significant asset sale, and allow holders to purchase Series D Junior Participating Preferred Stock at a discounted price. The company retains the option to redeem these rights under certain conditions before they become exercisable.