secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001493152-25-000238
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally faces Nasdaq delisting over negative equity of $2.45M
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- On Jan 2, 2025, Nasdaq notified Digital Ally of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($2,448,310) as of Sept 30, 2024, below $2.5M minimum.
- Company also failed alternative compliance standards: market value of listed securities or net income from continuing operations.
- Company has 45 days to submit a compliance plan; Nasdaq may grant up to 180-day extension if plan accepted.
- No immediate effect on trading under symbol DGLY; company evaluating options to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225000238/0001493152-25-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225000238/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-000238

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