Genius Brands Regains Compliance with Nasdaq Continued Listing Requirements

Rhea-AI Summary

Genius Brands (NASDAQ: GNUS) announced it has regained compliance with Nasdaq's minimum bid price requirement, as confirmed by a notice received on February 28, 2023. This compliance is crucial for maintaining its listing status on Nasdaq. Genius Brands is known for creating and licensing multimedia content for children, including properties such as Stan Lee’s Superhero Kindergarten and Shaq’s Garage. Additionally, the company has expanded its presence through its Kartoon Channel!, which is widely available across multiple distribution platforms and is now launching a subscription-based service, Kartoon Channel! Kidaverse, featuring exclusive content.

Positive

• Regained compliance with Nasdaq minimum bid price requirement, crucial for listing status.
• Expanding content offerings with subscription-based Kartoon Channel! Kidaverse featuring exclusive titles.
• Strong IP portfolio including popular children's shows and brands.

Negative

• None.

BEVERLY HILLS, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- (“Genius Brands”) (NASDAQ: GNUS), a global brand management company that creates and licenses multimedia entertainment content for children, today announced that it received notice from Nasdaq on February 28, 2023, stating that the Company had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2).

About Genius Brands International
Genius Brands International, Inc. (Nasdaq: GNUS) is a leading global kids media company developing, producing, distributing, marketing and licensing branded children’s entertainment properties and consumer products for media and retail distribution. The Company’s IP portfolio of family-friendly content features the Stan Lee brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Kartoon Channel!; Shaq’s Garage, starring Shaquille O’Neal, coming to Kartoon Channel! and additional platforms; Rainbow Rangers on Kartoon Channel! and Netflix; acquired Canada’s WOW! Unlimited Media (TSX-V: WOW), which includes 2,500 channels under the Channel Frederator Network, and has also made a strategic investment in Germany’s Your Family Entertainment AG (FRA:RTV), one of Europe’s largest distributors and broadcasters of high-quality programs for children and families. Additionally, Genius Brands own BEACON MEDIA, which represents over 30 toy companies and is the largest children's media buyer in North America.

Genius Brands’ Kartoon Channel! is a globally distributed entertainment platform with 100% penetration in the U.S. television market and international expansion with launches in key markets around the world. The channel is available in the U.S. via a broad range of distribution platforms, including Comcast, Cox, DISH, Amazon Prime, Amazon Fire, Apple TV, Apple iOS, Android TV, Android Mobil, Google Play, Roku, YouTube, KartoonChannel.com, Samsung Smart and LG TVs, the JetBlue Inflight platform and more. Genius Brands is now rolling out the subscription-based Kartoon Channel! Kidaverse, featuring metaversal content and exclusive titles.

For additional information, please visit www.gnusbrands.com.

Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, our ability to generate revenue or achieve profitability; our ability to obtain additional financing on acceptable terms, if at all; the potential issuance of a significant number of shares, which will dilute our equity holders; fluctuations in the results of our operations from period to period; general economic and financial conditions; our ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; our reliance on and relationships with third-party production and animation studios; our ability to market and advertise our products; our reliance on third-parties to promote our products; our ability to keep pace with technological advances; our ability to protect our intellectual property and those other risk factors set forth in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and in the Company's subsequent filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

GENIUS BRANDS MEDIA CONTACT :
pr@gnusbrands.com

GENIUS BRANDS INVESTOR RELATIONS CONTACT:
ir@gnusbrands.com

FAQ

What announcement did Genius Brands make on March 1, 2023?

Genius Brands announced that it has regained compliance with Nasdaq's minimum bid price requirement.

What is the significance of the Nasdaq compliance for GNUS?

Regaining compliance is crucial for maintaining GNUS's listing status on Nasdaq.

What properties does Genius Brands manage?

Genius Brands manages properties like Stan Lee’s Superhero Kindergarten and Shaq’s Garage.

What new service is Genius Brands introducing?

Genius Brands is launching a subscription-based service called Kartoon Channel! Kidaverse.