---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-044172"
form_type: "8-K"
ticker: "KUST"
cik: "0001342958"
company_name: "KUSTOM ENTERTAINMENT, INC."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:44:22.920898+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Digital Ally terminates merger agreement with Clover Leaf Capital Corp.

## Summary
- Mutual termination of merger agreement effective Nov 7, 2024; originally dated June 1, 2023 and amended twice.
- Mutual release and covenant not to sue; only confidentiality and trust waiver provisions survive.
- Ancillary documents (lock-up, sponsor forfeiture letter) automatically terminated.
- Bylaws amended to reduce quorum requirement for stockholder meetings to 33 1/3%.

## SEC filing metadata
- accession: 0001493152-24-044172
- form_type: 8-K
- ticker: KUST
- cik: 0001342958
- company_name: KUSTOM ENTERTAINMENT, INC.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342958/000149315224044172/0001493152-24-044172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342958/000149315224044172/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-044172
- JSON: https://secwatch.observer/filing/0001493152-24-044172.json
- Plain text: https://secwatch.observer/filing/0001493152-24-044172.txt

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