secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001493152-23-038525
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally enters $4.88M revolving credit facility with Kompass Kapital to repay existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/0001493152-23-038525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315223038525/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038525

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