Kustom Entertainment, Inc. Announces Reverse Stock Split
Kustom Entertainment announced a 1-for-10 reverse stock split, effective at the start of trading on October 1, 2026, with a new CUSIP of 25382T705. The split cuts outstanding shares from 6,506,860 to 650,686 and reduces authorized common shares to 1,333,334; its stated purpose is to lift the per-share price above Nasdaq's $1.00 minimum bid requirement for continued listing.
Key figures
- New cusip
- 25382T705
- Effective date
- 2026-10-01
- Reverse split ratio
- 1-for-10
- Authorized shares post
- 1333334
- Authorized shares prior
- 13333333
- Shares outstanding post
- 650686
- Shares outstanding prior
- 6506860
AI analysis
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