secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001493152-23-003871
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally effects 1-for-20 reverse stock split effective Feb 6, 2023
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- Certificate of Amendment filed with Nevada Secretary of State on Feb 6, 2023 to effect 1:20 reverse split.
- Common stock to begin trading split-adjusted on Nasdaq on Feb 8, 2023; new CUSIP 25382T200.
- Split approved at Dec 7, 2022 annual meeting; Board set ratio on Jan 13, 2023.
- Fractional shares rounded up; warrants and equity awards adjusted accordingly.
- Company anticipates split will aid in regaining compliance with Nasdaq minimum bid price requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223003871/0001493152-23-003871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223003871/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003871

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer