secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2026-06-25T13:25:22+00:00
Accession:  0001493152-26-030046
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kustom Entertainment divests video solutions segment to Cycurion for $5.5M plus 2M warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226030046/0001493152-26-030046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226030046/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030046

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