{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-040948","form_type":"8-K","ticker":"KUST","cik":"0001342958","company_name":"KUSTOM ENTERTAINMENT, INC.","filed_at":"2026-09-01T13:11:14+00:00","discovered_at":"2026-09-01T13:13:03.185131+00:00","generated_at":"2026-09-01T13:13:18.119455+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Kustom Entertainment to acquire TFL (Tickets For Less) for $112M cash and stock","bullets":["Deal value: $112M ($89.6M cash + $22.4M stock); plus $35M of TFL debt repayment at closing.","TFL generated over $238M revenue in FY2025; deal expected immediately accretive to revenue, earnings, adjusted EBITDA.","Closing conditions: stockholder approvals, financing, regulatory consents; outside date Oct 15, 2026 with 15-day extension.","$11.2M Holdback Shares issued upon achieving Target EBITDA through CY2027; $1.5M total escrows ($0.5M adj + $1.0M indemn).","Roth Capital exclusive financial advisor; fairness opinion rendered; TFL leadership to remain under long-term employment agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-040948","json":"https://secwatch.observer/filing/0001493152-26-040948.json","markdown":"https://secwatch.observer/filing/0001493152-26-040948.md","text":"https://secwatch.observer/filing/0001493152-26-040948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342958/000149315226040948/0001493152-26-040948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342958/000149315226040948/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-01T13:13:18.119455+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"}