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.

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