secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2026-07-27T12:45:40+00:00
Accession:  0001493152-26-034719
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kustom Entertainment amends divestiture to Cycurion: $6.1M deal, $250K cash, 12% preferred stock
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- Total consideration raised to $6.1M: $1.25M cash plus $4.25M secured note at 7% over 36 months.
- Immediate non-refundable $250K cash payment from Cycurion; closing extended to September 15, 2026.
- 2M warrants ($2.80 strike) replaced with $600K Series H preferred stock accruing 12% annual dividend, convertible at $1.45.
- All conditions precedent satisfied; both parties fully aligned to close by extended date.
- Divestiture completes Kustom's pivot to pure-play live entertainment and ticketing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226034719/0001493152-26-034719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226034719/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034719

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