secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001493152-25-006267
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally prices $15M common unit offering with warrants at $0.15/unit
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- Gross proceeds expected ~$15M from offering of 100M Common Units at $0.15 per unit (or $0.149 for Pre-Funded Units).
- Each Common Unit consists of one share (or Pre-Funded Warrant) and Series A & B warrants exercisable at $0.1875 and $0.30 respectively.
- Offering expected to close Feb 14, 2025; Aegis Capital Corp. sole book-runner.
- Company to use net proceeds for general corporate purposes and working capital.
- Record date Feb 14, 2025 for special meeting to approve warrant-related matters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225006267/0001493152-25-006267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225006267/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-006267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer