{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-043934","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2024-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.223606+00:00","generated_at":"2026-05-30T03:22:45.205553+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Digital Ally raises $3M in private placement of secured notes; cash runway of only 3 months","bullets":["Issued $3.6M principal in 90-day senior secured notes and 808,377 shares for $3.0M gross proceeds.","~$2.015M of net proceeds used to repay Mosh Man Note, ending public sale of collateral.","Remaining funds expected to cover operations for only ~3 months; company will need additional capital.","Company plans to sell its video solutions business in the short term to raise funds.","Must file registration for public offering within 30 days; use proceeds to retire notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-043934","json":"https://secwatch.observer/filing/0001493152-24-043934.json","markdown":"https://secwatch.observer/filing/0001493152-24-043934.md","text":"https://secwatch.observer/filing/0001493152-24-043934.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224043934/0001493152-24-043934-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315224043934/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:22:45.205553+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}