Kartoon Studios, Inc. (TOON) AI Dilution Summary

Cash was $40,505,000 at the 2026-06-30 balance-sheet date. A $4,000,000 cash payment to the Anson Parties under the standstill and voting agreement followed on 2026-07-31. The main driver is shelf registration S-3 333-276259, which is I.B.6-constrained and expires 2027-01-05.