Kustom Entertainment completes 1-for-10 reverse stock split effective October 1, 2026
Kustom Entertainment's 1-for-10 reverse stock split and a proportional cut in authorized common shares took effect October 1, 2026, with the stock trading on a split-adjusted basis on Nasdaq. The company said the split is meant to lift its share price above the Nasdaq $1.00 minimum bid price for continued listing. At its October 5, 2026 annual meeting, stockholders approved all eleven proposals, including share issuances tied to a proposed acquisition from TFL, LLC.
Key points
- Outstanding common shares fell from 6,506,860 to 650,686 after the split, subject to rounding of fractional shares; new CUSIP is 25382T705.
- Authorized common shares were reduced from 13,333,333 to 1,333,334.
- At the October 5, 2026 annual meeting, 3,419,508 shares were represented, about 52.55% of shares outstanding on the August 7, 2026 record date.
- Stockholders approved raising authorized shares from 23,333,333 to 1,200,000,000 and issuing shares tied to the Unit Purchase Agreement dated August 31, 2026 with TFL, LLC.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.