Kustom Entertainment, Inc. announced a 1-for-10 reverse stock split of its common stock, along with a proportional reduction in authorized shares, with split-adjusted trading on the Nasdaq Capital Market set to begin October 1, 2026 under a new CUSIP number of 25382T705. The company said the reverse split is intended to lift its per-share trading price high enough to comply with the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market. The board of directors approved the 1-for-10 split on September 18, 2026. Outstanding shares will fall from 6,506,860 to 650,686, subject to rounding up of fractional shares, while authorized common stock will drop from 13,333,333 to 1,333,334 under the capital stock reduction; authorized preferred stock is unaffected. Transfer agent Nevada Agency and Transfer Company will send exchange instructions to stockholders holding certificates, while shares held in book-entry form or in brokerage accounts require no action.
Kustom Entertainment, Inc.Kustom Entertainment announces a 1-for-10 reverse stock split to regain Nasdaq $1.00 minimum bid compliance, a capital-structure/listing event.
