Kartoon Studios SPAC Seeks to Raise $300 Million in IPO

Kartoon Studios Acquisition Corp. is seeking investors for the offering. The company said in its filing that potential acquisition targets could include businesses in children’s, family and character-driven entertainment, spanning owned content and intellectual property, licensing and consumer products, distribution and streaming, publishing and music, live experiences and media services.

Kartoon Studios Inc. operates the Kartoon Channel! streaming app and brands including Stan Lee’s Universe and Rainbow Rangers. It also operates Mainframe Studios.

Chief Executive Andy Heyward co-founded DIC Animation City, which was sold to Capital Cities/ABC in 1993. Heyward ran the company under Walt Disney ownership and created “Secret Millionaires Club,” an internet cartoon featuring Warren Buffett.