Digital Ally closes $267.5K senior secured convertible note subsequent closing; annual meeting passes all proposals

KUSTOM ENTERTAINMENT, INC.

Issued $267,500 principal amount Senior Secured Convertible Notes and warrants for 147,128 shares at $2.124.
Net proceeds of $250,000 after 7% OID; 8% interest; conversion at 10% discount to five-day VWAP.
Annual meeting: all four director nominees elected; Victor Mokuolu CPA PLLC ratified as auditor.
Stockholders approved issuance of >20% shares from convertible notes, ELOC, and 375,000 share plan increase.
Advisory vote on executive compensation passed with one-year frequency selected.

item 1.01 item 2.03 item 3.02 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KUSTOM ENTERTAINMENT, INC. entered into Securities Purchase Agreement with a certain investor valued at $267,500 (effective 2025-12-19).

Action: entry
Agreement: equity purchase
Counterparty: a certain investor
Value: $267,500
Effective: 2025-12-19

Exact text from the filing

On December 19, 2025, Digital Ally, Inc. (the “Company”) entered into and consummated the subsequent closing (the “Subsequent Closing”) of the transactions contemplated by a Securities Purchase Agreement, dated as of September 15, 2025 (the “Purchase Agreement”), between the Company and a certain investor (the “Purchaser”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

KUSTOM ENTERTAINMENT, INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-028677

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