ShareholdingAug 13, 2026, 04:44 PM
Kustom Entertainment Issues 2.625M Shares for Services, Debt
AI Summary
Kustom Entertainment, Inc. issued 2,625,000 shares of common stock on August 7, 2026, to various consultants, advisors, and partners. These shares were issued as consideration for services rendered and to be rendered, accrued obligations, asset acquisitions, and incurred debt. The transactions were private placements, exempt from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D, with the shares issued as restricted securities.
Key Highlights
- Kustom Entertainment issued 2,625,000 shares of common stock.
- Shares were issued to consultants, advisors, and strategic partners.
- Consideration included services rendered, accrued obligations, asset acquisitions, and incurred debt.
- The issuance was a private transaction, exempt from registration under Section 4(a)(2) and Rule 506.
- The issued shares are restricted securities.
Price Impact
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