other_material
confidence high
sentiment neutral
materiality 0.30
Digital Ally effectuates 1-for-100 reverse stock split effective May 22, 2025
KUSTOM ENTERTAINMENT, INC.
- Reverse stock split ratio of 1-for-100 became effective at 5:30 p.m. ET on May 22, 2025.
- Common stock to begin trading on split-adjusted basis on Nasdaq at market open May 23, 2025.
- No fractional shares issued; stockholders receiving fractional shares will receive a whole share.
- Total authorized shares unchanged; new CUSIP number for common stock is 25382T408.
- Stockholders of record to receive instructions from transfer agent Securities Transfer Corporation.
item 5.03item 9.01