secwatch.observer — SEC 8-K summary
======================================

Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001493152-25-021289
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Ally amends ELOC with Yield Point: commitment fee due Nov 7, paid in shares/cash
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225021289/0001493152-25-021289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225021289/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021289

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