Recent 8-K filings for KUST
Highest-materiality recent filing
Digital Ally enters $3M private placement of notes and stock; cash runway only ~3 months
- Issued $3.6M senior secured notes and 808,377 common shares for $3.0M gross proceeds in private placement on Nov 7.
- Net proceeds of ~$2.015M used to repay Mosh Man Note, ending public sale of collateral.
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Kustom Entertainment announces 1-for-5 reverse stock split to meet Nasdaq $1 bid price requirement
Reverse split at 1:5 effective April 22, 2026; outstanding shares reduced from 2,633,063 to ~526,613.
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Kustom Entertainment FY2025 net loss improves $11.9M; strategic pivot to live entertainment
Revenue $13,755K (+$235K YoY); net loss from continuing ops improved $11,945K to $5,955K.
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Kustom Entertainment to divest Video Solutions segment to Cycurion for $6-8.5M
Non-binding MOU to sell Video Solutions segment to Cycurion (CYCU) for $6.0M-$8.5M.
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Kustom Entertainment announces non-binding MOU to divest video solutions segment for $6M-$8.5M
Non-binding MOU with Cycurion (CYCU) to sell video solutions segment for $6M-$8.5M.
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Digital Ally completes 1-for-3 reverse split, renames to Kustom Entertainment, new ticker KUST
Reverse stock split 1-for-3 effective Jan 8, 2026; shares reduced from 2,402,498 to 801,006.
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Digital Ally amends common stock purchase agreement; will issue shares and cash for commitment fee
On November 7, 2025, Digital Ally entered into the First Amendment to Common Stock Purchase Agreement with an investor.
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Digital Ally Q3 revenue up 12% to $4.5M; operating loss improves 84.8%
Revenue $4.5M (+12% YoY); SG&A down 72.7% to $2.5M.
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Digital Ally amends ELOC with Yield Point: commitment fee due Nov 7, paid in shares/cash
Commitment Fee now due on amendment date (Nov 7, 2025) instead of after registration effective date.
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Digital Ally closes $806K secured convertible note and $25M ELOC financing
Issued $806,452 principal senior secured convertible notes (8% interest) and warrants for 476,569 shares at $2.124, gross proceeds $750K after 7% OID.
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Digital Ally Q1 net income $4.3M ($1.41/share) vs. year-ago loss of $3.9M; revenue down 19%
Revenue fell 19% to $4.4M; gross margin expanded to 35.8% from 27.6%.
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Digital Ally dismisses auditor RBSM; appoints Mokuolu; prior report included going concern
On May 5, 2025, Audit Committee dismissed RBSM LLP as independent auditor.
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Digital Ally completes 1-for-20 reverse split; Nasdaq panel grants continued listing with conditions
Reverse stock split 1-for-20 effective May 6; trading on Nasdaq begins May 7 split-adjusted.
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Special meeting convened April 29, adjourned immediately to solicit additional votes on charter amendment.
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Digital Ally receives Nasdaq deficiency notice for delayed 10-K filing; must respond by April 30
Nasdaq notified Digital Ally on April 23, 2025 that it is not in compliance with Listing Rule 5250(c)(1) due to late filing of Annual Report for period ended Dec 31, 2024.
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Digital Ally adjourns special meeting to April 21 to vote on 24x authorized share increase
Proposal would increase authorized shares from 210M to 5.01B (5B common).
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Special meeting convened on April 1, 2025, then adjourned to April 13, 2025 at 4:00 p.m. ET.
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Digital Ally receives Nasdaq delisting determination; stock below $0.10 for 10 days; to appeal
On March 6, 2025, Nasdaq notified Digital Ally that its stock closed at $0.10 or less for 10 consecutive trading days, triggering the Low Priced Stocks Rule and a Staff Delisting Determination.
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Digital Ally closes $15M public offering of units and pre-funded warrants; net proceeds ~$13.48M
Closed offering of 7.85M units at $0.15/unit plus 92.15M pre-funded units at $0.149/unit; gross proceeds $15M, net ~$13.48M.
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Digital Ally prices $15M common unit offering with warrants at $0.15/unit
Gross proceeds expected ~$15M from offering of 100M Common Units at $0.15 per unit (or $0.149 for Pre-Funded Units).
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Digital Ally faces Nasdaq delisting over negative equity of $2.45M
On Jan 2, 2025, Nasdaq notified Digital Ally of non-compliance with Listing Rule 5550(b)(1) due to stockholders' equity of ($2,448,310) as of Sept 30, 2024, below $2.5M minimum.
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Digital Ally receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Dec 20, 2024, for failing to meet minimum bid price of $1.00 for 30 consecutive business days.
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Digital Ally shareholders approve reverse split (1:5-1:20) and warrant issuance of >20% shares
Four directors elected: Ross (781,147 for), Richie (700,960), Daughtery (830,210), Anderson (781,651); all with broker non-votes >1.3M.
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Amendment modifies deadlines: public offering registration filing within 20-30 trading days after later of Dec 16, 2024 meeting or resale registration effectiveness.
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Digital Ally receives Nasdaq deficiency notice for delayed Q3 2024 10-Q filing
Nasdaq notice on Nov 25, 2024 for non-compliance with Listing Rule 5250(c)(1) due to late 10-Q.
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Digital Ally subsidiaries guarantee $3.6M senior secured notes and stock issuance
On Nov 6, 2024, Digital Ally agreed to issue $3.6M senior secured notes and 808,377 shares for ~$3.0M gross proceeds.
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Digital Ally enters $3M private placement of notes and stock; cash runway only ~3 months
Issued $3.6M senior secured notes and 808,377 common shares for $3.0M gross proceeds in private placement on Nov 7.
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Digital Ally terminates merger agreement with Clover Leaf Capital Corp.
Mutual termination of merger agreement effective Nov 7, 2024; originally dated June 1, 2023 and amended twice.
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Digital Ally raises $3M in private placement of secured notes; cash runway of only 3 months
Issued $3.6M principal in 90-day senior secured notes and 808,377 shares for $3.0M gross proceeds.
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Digital Ally receives default notice on $1.6M note; public sale of collateral moved to Nov 7, 2024
Missed $100,000 payment due Oct 10 triggered default and acceleration of ~$1.6M principal and interest.
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Digital Ally receives default notice over missed $100K payment, faces collateral sale on Nov 5, 2024
Missed $100,000 payment due Oct 10, 2024 triggered default under Senior Secured Promissory Note.
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Digital Ally increases secured note to $2M, extends maturity to Nov 2024 or merger close
Amended note principal raised from $1.425M to up to $2M; interest at 1.58% per month.
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Digital Ally Q2 2024 revenue down 32% YoY; gross profit plunges 91%
Total revenue $5.6M, down 32% from $8.3M; entertainment segment revenue down 47% to $2.5M.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event other_material