Kartoon Studios (TOON) investor relations material

Company overview and business model

• Operates as a global content and brand management company focused on creating, producing, licensing, and broadcasting educational animated content for children, distributed via streaming platforms, TV, and consumer products.

• Owns and operates AVOD, FAST, and SVOD channels, including Kartoon Channel! and Ameba TV, and licenses content to major platforms like Netflix, Paramount+, and Nickelodeon.

• Holds significant IP assets, including Stan Lee Universe, and operates Beacon Media Group, a leading kids and family marketing agency.

• Expanded digital footprint through acquisition of Ameba Inc., a subscription-based streaming service for children's entertainment.

• Incorporated in California in 2006, reincorporated in Nevada in 2011, and rebranded as Kartoon Studios in 2023.

Financial performance and metrics

• Historical net tangible book value as of September 30, 2025: $5.3 million ($0.11 per share); pro forma as adjusted after offering: $20.4 million ($0.32 per share).

• Immediate dilution to new investors: $0.418 per share for Common Warrant Shares and $0.4918 for Placement Agent Warrant Shares.

• Aggregate gross proceeds from October 2025 offerings: approximately $7.3 million, excluding warrant exercise proceeds.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares by selling stockholders; will receive proceeds from cash exercise of warrants.

• Proceeds from warrant exercises intended for working capital and general corporate purposes, with management retaining broad discretion over allocation.

• No current agreements for material acquisitions or licenses.