---
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"
generated_at: "2026-09-01T13:13:18.119455+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Kustom Entertainment to acquire TFL (Tickets For Less) for $112M cash and stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-040948
- JSON: https://secwatch.observer/filing/0001493152-26-040948.json
- Plain text: https://secwatch.observer/filing/0001493152-26-040948.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.