KUSTOM ENTERTAINMENT, INC. (KUST) Form 8-K — Sep 1, 2026
$KUSTForm 8-KItems 1.01, 3.02, 8.01, 9.01Filed Sep 1, 2026, 9:11 AM ET0001493152-26-040948Original filing
Kustom Entertainment (Nasdaq: KUST) has signed a definitive Unit Purchase Agreement to acquire 100% of TFL, LLC, the Kansas-based ticketing platform doing business as Tickets For Less, for aggregate consideration of $89.6 million in cash and $22.4 million in KUST restricted common stock, with an additional $11.2 million of stock held back pending EBITDA milestones.
Key figures
- Debt Amount
- 35000000
- Outside date
- October 15, 2026
- Earnout metric
- Holdback Shares released based on Adjusted EBITDA vs. Target EBITDA of $20,870,747 for period from Closing through December 31, 2027
- Target ebitda usd
- 20870747
- Cash consideration usd
- 89600000
- Tfl fy2025 revenue usd
- 238000000
- Indemnification cap usd
- 15000000
- Stock consideration usd
- 22400000
- Closing net debt cap usd
- 35000000
- Non compete period years
- 5
- Holdback shares value usd
- 11200000
- Indemnification basket usd
- 1500000
- Indemnification escrow usd
- 1000000
- Holdback calculation deadline
- March 1, 2028
- Buyer authorized common shares
- 13333333
- Buyer common shares outstanding
- 6506860
- Buyer authorized preferred shares
- 10000000
- Tfl debt repayment at closing usd
- 35000000
- Purchase price adjustment escrow usd
- 500000
- Outside date extension days if S1 filed
- 15
Price after filing
1 day: -3.6%7 days: -4.2%30 days: -54.1%
Close on the filing date to close N calendar days later (from $9.23). Historical, not a forecast.
AI analysis
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