secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001493152-24-050465
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally shareholders approve reverse split (1:5-1:20) and warrant issuance of >20% shares
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- Four directors elected: Ross (781,147 for), Richie (700,960), Daughtery (830,210), Anderson (781,651); all with broker non-votes >1.3M.
- RBSM LLP ratified as auditor for FY2024: 1,881,891 for, 330,335 against.
- Securities purchase agreement approved (1,096,541 for, 179,865 against) allowing warrant exercise for >20% of outstanding shares.
- Reverse stock split authorized at board's discretion, ratio 1:5 to 1:20, to be implemented no later than December 16, 2025.
- Meeting quorum: 2,622,499 shares (53.68% of outstanding) on record date November 14, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224050465/0001493152-24-050465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315224050465/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050465

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