{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-038525","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.710700+00:00","generated_at":"2026-06-09T06:51:12.092940+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Digital Ally enters $4.88M revolving credit facility with Kompass Kapital to repay existing debt","bullets":["Gross proceeds of $4.88M from Kompass Kapital; portion to retire $3.1625M in Senior Secured Convertible Notes.","Revolving loan matures Oct 26, 2025; interest rate = greater of Prime Rate +4% or 8% floor.","Collateral includes real property at 14001 Marshall Drive, Lenexa, KS and a $97,600 minimum capital reserve account.","Borrower is Digital Ally and subsidiary Digital Ally Healthcare; jointly and severally liable for obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-038525","json":"https://secwatch.observer/filing/0001493152-23-038525.json","markdown":"https://secwatch.observer/filing/0001493152-23-038525.md","text":"https://secwatch.observer/filing/0001493152-23-038525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/0001493152-23-038525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:51:12.092940+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01e2a7d06c56868d0a5d26c47610bd9f36f3468c","claim":"KUSTOM ENTERTAINMENT, INC. incurred revolving credit of $4,880,000 with Kompass Kapital Funding, LLC at the greater of (i) the Prime Rate plus four percent or (ii) eight percent maturing October 26, 2025.","evidence_excerpt":"”) by and between the Company, as grantor, and Kompass, as grantee, and issued a Revolving Note (the “ Revolving Note ”) to Kompass. The gross proceeds to the Company are $4,880,000 before repaying those certain Senior Secured Convertible Notes issued on April 5, 2023 in the aggregate amount of $3,162,500 and paying customary fees and expenses. Pursuant to","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/0001493152-23-038525-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$4,880,000"},{"label":"Counterparty","value":"Kompass Kapital Funding, LLC"},{"label":"Rate","value":"the greater of (i) the Prime Rate plus four percent or (ii) eight percent"},{"label":"Maturity","value":"October 26, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"847131ceb7562febed089064f38914ae8a91f92e","claim":"KUSTOM ENTERTAINMENT, INC. entered into Loan Agreement with Kompass Kapital Funding, LLC valued at $4,880,000 (effective 2023-10-26).","evidence_excerpt":"On October 26, 2023, Digital Ally, Inc. (the “Company”) entered into a Loan and Security Agreement (the “ Loan Agreement ”) by and between the Company, Digital Ally Healthcare, Inc., a Nevada corporation and wholly-owned subsidiary of the Company (“ Digital Ally Healthcare ” and, together with the Company, the “ Borrower ”), and Kompass Kapital Funding, LLC, a Kansas limited liability company (“ Kompass ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/0001493152-23-038525-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Kompass Kapital Funding, LLC"},{"label":"Value","value":"$4,880,000"},{"label":"Effective","value":"2023-10-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}