secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001493152-25-028677
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225028677/0001493152-25-028677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315225028677/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-028677

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