secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001493152-24-049573
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally amends securities purchase agreement, extends filing deadlines and adds investor participation right
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- Amendment modifies deadlines: public offering registration filing within 20-30 trading days after later of Dec 16, 2024 meeting or resale registration effectiveness.
- Resale registration statement must be filed by Dec 18, 2024 (no later than Dec 20, 2024) and become effective within 45 days.
- Failure to meet deadlines triggers Public Information Failure Payments of 2% of aggregate subscription amount per month.
- Investors granted participation right to purchase up to 35% of any subsequent equity offering until 2 years after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224049573/0001493152-24-049573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224049573/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049573

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