JAKKS Pacific (JAKK) Registration filing summary

Company overview and business model

• Designs, produces, markets, and distributes toys, costumes, and kid-focused consumer products across multiple brands and product lines, including proprietary and licensed IP such as Nintendo, Disney, and Hasbro.

• Focuses on acquiring or licensing evergreen brands with long product histories to reduce exposure to market fads.

• Sells products through in-house and independent sales teams to major retailers, with Target and Walmart accounting for over 52% of 2025 net sales.

• Develops both proprietary and private label products, and expands internationally via direct sales and third-party distributors.

Financial performance and metrics

• Net tangible book value as of December 31, 2025 was $143.4 million, or $12.64 per share.

• Pro forma net tangible book value after offering would be $216.1 million, or $14.76 per share, assuming full sale of $75 million in common stock.

• Immediate dilution to new investors estimated at $7.96 per share based on an offering price of $22.72.

Use of proceeds and capital allocation

• Net proceeds intended for business development, capital expenditures, debt repayment, working capital, and general corporate purposes.

• Management has broad discretion over allocation; proceeds may be temporarily invested in interest-bearing accounts or securities.

• May be required to use proceeds for mandatory prepayment of loans under existing agreements with BMO Bank N.A.