Kustom Entertainment, Inc. effected a 1-for-5 reverse stock split and proportional capital stock reduction effective April 22, 2026, to meet Nasdaq's $1.00 minimum bid price requirement.
Key takeaways
Reverse stock split at 1-for-5 ratio effective April 22, 2026, reducing outstanding common shares from 2,633,063 to 526,613.
Authorized common shares reduced from 66,666,666 to 13,333,333; preferred stock authorization unaffected.
New CUSIP number 25382T606; trading on Nasdaq Capital Market began on split-adjusted basis April 22, 2026.
Record date April 7, 2026; fractional shares rounded up to nearest whole share.
Implemented to comply with Nasdaq minimum $1.00 bid price listing requirement.