Kartoon Studios Transfers Listing To NYSE American, Begins Trading Under New Ticker Symbol 'TOON'

Author: Happy Mohamed | June 26, 2023 08:27am

 Kartoon Studios, (NYSE:TOON) today announced that the Company has officially changed its name from Genius Brands International to Kartoon Studios and, effective at the opening of trading this morning, has transferred its listing from the Nasdaq Capital Market ("Nasdaq") to the NYSE American exchange ("NYSE American"). The Company's common stock will trade under the new trading symbol, "TOON," and a new CUSIP number, 37229T 509.
 

‘STAN LEE,' via animation, will ring the opening bell of the NYSE American today at 9:30 AM ET, reflecting Kartoon Studios' emphasis on STAN LEE-created IP going forward, through its controlling interest in Stan Lee Universe, LLC. Anyone that would like to join in on the celebration can livestream the NYSE bell-ringing and view a cartoon compilation sizzle reel on the Company's new website: www.kartoonstudios.com."

Andy Heyward, Chairman & CEO of Kartoon Studios, commented, "The decision to change the Company's name to Kartoon Studios is aimed at capturing our primary mission: crafting high-end, ethically conscious animated series for children, marketing them globally, and licensing consumer products featuring our unique characters. In conjunction with the name change, we have transferred our stock listing to the NYSE American exchange. We view this as a strategic move that aligns Kartoon Studios with our vision to be the premier source of children's entertainment, as the NYSE is home to major industry titans such as Disney, SONY, Roblox, AMC and more. As we head into our next phase of growth, the timing of these events could not be more perfect for both the Company and our investors. To commemorate this significant milestone, I invite investors to join the iconic ‘Stan Lee', our management team, and board members as we ring the NYSE opening bell this morning."

Posted In: GNUS TOON