Kustom Entertainment entered into an Asset Purchase Agreement to sell its video-solutions division to Cycurion. The consideration includes $1.25 million in cash, a $4.25 million secured promissory note, and up to $1.0 million in earnout payments, plus warrants to purchase 2,000,000 shares of Cycurion common stock at $2.80 per share. Closing is anticipated on July 15, 2026, subject to due diligence, audited carve-out financials, corporate approvals, key consents, and other customary conditions. Cycurion will provide registration rights for the resale of shares issuable upon warrant exercise.
Agreement details:
- Agreement type: Asset Purchase Agreement to sell video-solutions division assets
- Counterparty: Cycurion
- Signed / Effective: Jun 24 2026 / Jul 15 2026
- Duration / Termination: N/A
- Reason: Divest non-core video-solutions division
Original SEC Filing: KUSTOM ENTERTAINMENT, INC. [ KUST ] – 8-K – Jun. 25, 2026
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