M&A
confidence high
sentiment positive
materiality 0.60
Kustom Entertainment announces non-binding MOU to divest video solutions segment for $6M-$8.5M
KUSTOM ENTERTAINMENT, INC.
- Non-binding MOU with Cycurion (CYCU) to sell video solutions segment for $6M-$8.5M.
- Cash consideration $1.0M-$1.4M; remainder in Cycurion preferred stock.
- Divestiture aligns with pivot to live event production and ticketing, pursuing $100B global market.
- Transaction subject to customary closing conditions and final definitive agreement.
- KUST CEO Stanton Ross says move sharpens focus on entertainment sector.