---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008787"
form_type: "8-K"
ticker: "KUST"
cik: "0001342958"
company_name: "KUSTOM ENTERTAINMENT, INC."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:33:02.076000+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kustom Entertainment acquires Country Stampede festival; Digital Ally issues $1.425M note

## Summary
- Acquired Country Stampede Music Festival for $542,959; $400k paid at closing, remainder within 30 days.
- Issued $1.425M senior secured promissory note; net proceeds $1M; interest 1.58% per month.
- Note matures Nov 1, 2024 or upon merger of Kustom Entertainment with Clover Leaf Capital.
- Repayment from 50% of Kustom ticket revenues (up to 9k tickets) then 10% until maturity.

## SEC filing metadata
- accession: 0001493152-24-008787
- form_type: 8-K
- ticker: KUST
- cik: 0001342958
- company_name: KUSTOM ENTERTAINMENT, INC.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342958/000149315224008787/0001493152-24-008787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342958/000149315224008787/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008787
- JSON: https://secwatch.observer/filing/0001493152-24-008787.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008787.txt

## Key facts
- Material Agreements
  KUSTOM ENTERTAINMENT, INC. entered into Asset Purchase Agreement with JC Entertainment, LLC valued at $542,959.15 (effective 2024-03-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: JC Entertainment, LLC
  - Value: $542,959.15
  - Effective: 2024-03-01
  source text: On March 1, 2024, Kustom 440 Inc., a Nevada corporation and wholly-owned subsidiary of Kustom Entertainment (“ Kustom 440 ”), entered into an Asset Purchase Agreement (the “ Acquisition Agreement ”) with JC Entertainment, LLC, a Kansas limited liability company (“ JC Entertainment ”). Pursuant to the Acquisition Agreement, Kustom 440 acquired certain assets associated with a music entertainment event (“ Country Stampede ”), including all intellectual property arising out of and relating to Country Stampede (“ Country Stampede Intellectual Property ”) and certain contracts in which JC Entertainment is a party to host and operate the 2024 Country Stampede (the “ Assumed Contracts ”, and together with the Country Stampede Intellectual Property, the “ Purchased Assets ”). As consideration for acquiring the Purchased Assets, Kustom 440 paid JC Entertainment the aggregate purchase price amount of Five Hundred Forty Two Thousands Nine Hundred Fifty Nine and 15/100 Dollars ($542,959.15), with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342958/000149315224008787/0001493152-24-008787-index.htm
- Material Agreements
  KUSTOM ENTERTAINMENT, INC. entered into Note Purchase Agreement with Mosh Man, LLC valued at $1,425,000 (effective 2024-03-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Mosh Man, LLC
  - Value: $1,425,000
  - Effective: 2024-03-01
  source text: On March 1, 2024, Digital Ally, Inc. (the “Company”) entered into a Note Purchase Agreement (the “ Agreement ”), by and between the Company, Kustom Entertainment, Inc., a Nevada corporation and wholly-owned subsidiary of the Company (“ Kustom Entertainment ” and, together with the Company, the “ Borrowers ”), and Mosh Man, LLC, a New Jersey limited liability company (the “ Purchaser ”), pursuant to which the Borrowers issued to the Purchaser a Senior Secured Promissory Note (the “ Note ”) with a principal amount of $1,425,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342958/000149315224008787/0001493152-24-008787-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.