SCHEDULE 13G: Armistice Capital and Steven Boyd Disclose 9.99% Stake in Kartoon Studios
Beneficial Ownership Report
Armistice Capital, LLC and Steven Boyd have jointly reported a beneficial ownership of 4,607,156 shares, representing 9.99% of Kartoon Studios, Inc.'s common stock as of December 31, 2024.
Summary
- Armistice Capital, LLC and Steven Boyd (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership of Kartoon Studios, Inc. common stock.
- As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 4,607,156 shares of Kartoon Studios, Inc. common stock.
- This ownership stake represents 9.99% of the total outstanding common stock of Kartoon Studios, Inc.
- Armistice Capital, LLC, as the investment manager of Armistice Capital Master Fund Ltd., exercises shared voting and dispositive power over these shares.
- Steven Boyd, as the managing member of Armistice Capital, LLC, is also deemed to beneficially own these shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the company's operations or financial performance.
Future Outlook
NA
Industry Context
This filing reflects a significant institutional investment in Kartoon Studios, Inc., a company operating in the entertainment and media sector, particularly known for its content related to children's entertainment. Such disclosures are common for investment firms taking substantial, non-controlling stakes in publicly traded companies.
Related Party Transactions
- Armistice Capital Master Fund Ltd., a Cayman Islands exempted company and an investment advisory client of Armistice Capital, has the right to receive dividends and proceeds from the sale of the reported securities. Armistice Capital, LLC acts as the investment manager for the Master Fund.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake (9.99%) by Armistice Capital and Steven Boyd provides transparency regarding the company's ownership structure, which can influence investor perception and potentially market liquidity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date for ownership calculation). |
| 02/14/2025 | Date of filing of the Schedule 13G statement. |
Keywords
Kartoon Studios Inc., Armistice Capital LLC, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Institutional Investor, SEC Filing
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