Digital Ally receives default notice on $1.6M note; public sale of collateral moved to Nov 7, 2024

KUSTOM ENTERTAINMENT, INC.

Missed $100,000 payment due Oct 10 triggered default and acceleration of ~$1.6M principal and interest.
Softforge plans UCC Article 9 public sale of collateral on Nov 7, 2024 (originally Nov 5).
Company disputes defaults and sale notice; intends to seek injunctive relief and damages.
Outstanding note obligation approximately $1.6 million as of filing date.

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