Business Context and Reporting Period
This Form 8-K is filed by Genius Brands International, Inc. (not Kartoon Studios, Inc.) for the reporting date of February 28, 2023. The company is incorporated in Nevada and its common stock trades on The Nasdaq Capital Market under the symbol GNUS.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document addresses a regulatory compliance event regarding the company's stock price.
Material Changes
The primary event reported is the resolution of a Nasdaq listing deficiency. The company received notification from the Nasdaq Listing Qualifications Department that it regained compliance with Listing Rule 5550(a)(2). This compliance was achieved because the closing bid price of the Company's Common Stock was at least $1.00 per share for 10 consecutive business days from February 13, 2023, through February 28, 2023. The matter is now closed.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of future risks. It strictly confirms the closure of the specific listing compliance matter.
Investor Verification Checklist
- Verify the current trading status of GNUS on The Nasdaq Capital Market.
- Confirm the company's name is Genius Brands International, Inc., as the input metadata referenced Kartoon Studios, Inc.
- Review subsequent filings to ensure continued compliance with Nasdaq minimum bid price requirements.