Kartoon Studios Adopts Shareholder Rights Plan; Corrects Expiration

Kartoon Studios, Inc. announced that its Board of Directors approved and adopted a preferred stock rights agreement, commonly known as a 'poison pill,' on July 1, 2026. This agreement distributes one Right for each outstanding share of common stock to shareholders of record as of July 13, 2026. The Rights are designed to significantly dilute any person or group that acquires 10% or more of the company's common stock without prior Board approval. An amendment to the original filing clarified that the Final Expiration Time of these Rights is June 29, 2027, rather than July 29, 2027.