secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001493152-25-009566
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally receives Nasdaq delisting determination; stock below $0.10 for 10 days; to appeal
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- On March 6, 2025, Nasdaq notified Digital Ally that its stock closed at $0.10 or less for 10 consecutive trading days, triggering the Low Priced Stocks Rule and a Staff Delisting Determination.
- The company must request a hearing by March 13, 2025; trading will continue on Nasdaq pending the appeal and Panel decision.
- Digital Ally is also non-compliant with Nasdaq's minimum bid price ($1) and stockholders' equity ($2.5M) requirements from prior notices.
- The appeal hearing is typically scheduled 30-45 days after the request; no assurance of extension or favorable outcome.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225009566/0001493152-25-009566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225009566/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-009566

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