{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-030046","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2026-06-25T13:25:22+00:00","discovered_at":"2026-06-25T13:26:00.246295+00:00","generated_at":"2026-06-25T13:26:14.075651+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kustom Entertainment divests video solutions segment to Cycurion for $5.5M plus 2M warrants","bullets":["Total consideration: $1.25M upfront cash, $4.25M secured note (7%, 36 months), up to $1M earnout, and 2M warrants at $2.80/share.","Transaction expected to close July 2026; follows earlier medical billing divestiture and Gilley's partnership.","Proceeds to fund live event expansion; value per share equates to ~$5.33 based on total consideration of $5.5M.","Kustom will fully focus on live entertainment and ticketing operations under Nasdaq ticker KUST."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-030046","json":"https://secwatch.observer/filing/0001493152-26-030046.json","markdown":"https://secwatch.observer/filing/0001493152-26-030046.md","text":"https://secwatch.observer/filing/0001493152-26-030046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315226030046/0001493152-26-030046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315226030046/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T13:26:14.075651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}