Kustom Entertainment, Inc.

Snapshot

Kustom is a tiny entertainment and ticketing company in the middle of a major transformation. FY 2025 revenue fell 30% to $13.8M, and the company lost $6.7M against just $830K in cash.

What's Happening Right Now

• Mon 5th Oct '26 · Reverse split: Kustom completed a 1-for-10 reverse split on October 1, 2026 to stay above Nasdaq's $1.00 minimum bid, while shareholders approved raising authorized shares to 1.2 billion.
• Wed 9th Sep '26 · Going concern: A proxy filing disclosed the Board sees the TFL deal as a survival play, warning dissolution and liquidation may be the only alternative if it fails.
• Wed 9th Sep '26 · Earnings: Q2 2026 revenue rose 88% YoY to $5.38M but the company posted a $4.55M net loss, a $152.16M accumulated deficit, and disclosed going-concern doubt.
• Tue 1st Sep '26 · Acquisition: Kustom signed a definitive agreement to acquire Tickets For Less for roughly $112-147.8M in cash and stock, a deal meant to transform it into a ticketing-focused company.
• Tue 1st Sep '26 · Asset sale: Kustom completed the sale of its video solutions business to Cycurion on August 3, 2026 for $6.1M, finishing its pivot to live entertainment and ticketing.