Kustom Entertainment, Inc. Announces Reverse Stock Split
Key Highlights
- ➤Kustom Entertainment (KUST) announces 1-for-10 reverse stock split
- ➤October 1, 2026: KUST begins split-adjusted Nasdaq trading with new CUSIP 25382T705
- ➤Reverse split targets Nasdaq’s minimum $1.00 bid-price requirement
- ➤Outstanding shares fall from 6,506,860 to 650,686, subject to fractional-share rounding
- ➤Authorized common shares reduce from 13,333,333 to 1,333,334
Olathe, KS, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (NASDAQ: KUST) (the “Company”), a leader in live event production and ticketing technology, today announced a 1-for-10 reverse split (the "Reverse Stock Split") of the Company’s common stock (the "Common Stock") and proportional reduction of the number of shares of Common Stock authorized (the “Capital Stock Reduction”). The Company anticipates that the Common Stock will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a split-adjusted basis at the start of trading on October 1, 2026 and will have a new CUSIP number of 25382T705.
The Reverse Stock Split is being implemented to increase the per share trading price of the Company’s Common Stock for the purpose of ensuring a share price high enough to comply with the minimum $1.00 bid price requirement for continued listing on The Nasdaq Capital Market.
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