secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K/A
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001493152-25-021892
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Digital Ally amends common stock purchase agreement; will issue shares and cash for commitment fee
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- On November 7, 2025, Digital Ally entered into the First Amendment to Common Stock Purchase Agreement with an investor.
- The amendment requires payment of the Commitment Fee partly in shares (up to 19.99% of outstanding) and partly in cash from 30% of future financing proceeds.
- The commitment shares are unregistered, issued under Section 4(a)(2) and Rule 506 of Regulation D, with restrictive legends.
- Shares valuation uses 5-day VWAP ending after stockholder approval or resale registration effectiveness, with a cap at the full commitment fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225021892/0001493152-25-021892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225021892/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021892

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