{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-021289","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.196597+00:00","generated_at":"2026-05-16T22:58:46.084288+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Digital Ally amends ELOC with Yield Point: commitment fee due Nov 7, paid in shares/cash","bullets":["Commitment Fee now due on amendment date (Nov 7, 2025) instead of after registration effective date.","Fee paid as shares equal to 19.99% of outstanding, valued at 5-day VWAP capped at full fee, plus cash from 30% of future financing proceeds.","If cash portion unpaid after 6 months, company may pay in cash or freely tradable shares at its election, VWAP-based.","Floor price set at 20% of Nasdaq Minimum Price if company elects share payment after stockholder approval.","Beneficial ownership limitation applies; excess shares held in abeyance until investor notice."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-021289","json":"https://secwatch.observer/filing/0001493152-25-021289.json","markdown":"https://secwatch.observer/filing/0001493152-25-021289.md","text":"https://secwatch.observer/filing/0001493152-25-021289.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315225021289/0001493152-25-021289-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315225021289/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:58:46.084288+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}