secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2026-09-01T13:11:14+00:00
Accession:  0001493152-26-040948
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226040948/0001493152-26-040948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226040948/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-040948

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