secwatch.observer — SEC 8-K summary
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Issuer:     KUSTOM ENTERTAINMENT, INC. (KUST)
CIK:        0001342958
Form:       8-K
Filed at:   2026-10-05T21:00:41+00:00
Accession:  0001493152-26-045762
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Kustom Entertainment sets 1-for-10 reverse split, stockholders approve 1.2B share authorization and TFL deal issuances
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- 1-for-10 reverse split effective Oct 1, 2026 cuts outstanding shares to 650,686 from 6,506,860; authorized common trimmed to 1,333,334 from 13,333,333; new CUSIP 25382T705.
- Company says the split is to lift the share price above Nasdaq's $1.00 minimum bid requirement; board approved the ratio Sept 18, 2026 and split-adjusted trading began Oct 1.
- Stockholders approved raising authorized capital to 1,200,000,000 shares from 23,333,333: 1,000,000,000 common and 200,000,000 preferred, par $0.001.
- Annual meeting Oct 5, 2026 elected directors Stanton E. Ross, Leroy C. Richie, D. Duke Daughtery and Charles M. Anderson; Victor Mokuolu CPA PLLC ratified as 2026 auditor.
- Holders approved Nasdaq Rule 5635 issuances tied to the Aug 31, 2026 Unit Purchase Agreement with TFL, LLC that could result in a change of control; say-on-pay set to every three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226045762/0001493152-26-045762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342958/000149315226045762/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045762

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