SplitApr 22, 2026, 09:21 AM
Kustom Entertainment Completes 1-for-5 Reverse Stock Split
AI Summary
Kustom Entertainment, Inc. executed a 1-for-5 reverse stock split, effective April 22, 2026. This action converted every five shares of common stock into one, reducing the number of outstanding shares from 2,633,063 to 526,613. Concurrently, the company reduced its authorized common stock from 66,666,666 to 13,333,333 shares. Trading on a split-adjusted basis commenced on the Nasdaq Capital Market on the same day.
Key Highlights
- Kustom Entertainment implemented a 1-for-5 reverse stock split.
- Outstanding shares reduced from 2,633,063 to 526,613.
- Authorized shares decreased from 66,666,666 to 13,333,333.
- New CUSIP number for common stock is 25382T606.
- Split-adjusted trading began on Nasdaq Capital Market on April 22, 2026.