Kartoon Studios Acquisition Corp

S-1 filed

Price $10.00 · Range $10.00 to $10.00 · 30,000,000 shares · Gross proceeds $300,000,000

Kartoon Studios Acquisition Corp. is conducting an initial public offering (IPO) under the S-1 filing, with E.F. Hutton acting as the lead underwriter. The offering includes 30 million units at an initial price determined through negotiations, with underwriting compensation totaling $16.5 million (up to $18.975 million if the over-allotment option is exercised). The company plans to list on NYSE under the symbols "KACQ U," "KACQ," and "KACQ WS" after separation. The filing outlines lock-up agreements for insiders, restrictions on founder shares and private placement warrants, and underwriter activities including stabilizing transactions. The previous DRS filing indicated a Nasdaq listing, which has been updated to NYSE in the current S-1.

DRS filed

Kartoon Studios Acquisition Corp. has filed a DRS form for an initial public offering (IPO) led by E.F. Hutton as the underwriter. The offering involves 30,000,000 units at an initial price determined through negotiation, with an over-allotment option of 4,500,000 additional units. The underwriter will receive cash and private placement warrants as compensation, and the company expects its units to be listed on Nasdaq. Lock-up agreements restrict share sales for 180 days, and the company faces risks related to market volatility, lack of historical trading data, and uncertainties around its initial business combination.