Kustom Entertainment executed a one-for-ten reverse stock split of its common stock, reducing outstanding shares from approximately 6.5 million to roughly 650,686 and authorized shares from 13.3 million to 1.3 million. The split became effective on October 1, 2026, with trading beginning on a split-adjusted basis that day. This action was taken to increase the per-share trading price to comply with Nasdaq's minimum $1.00 bid price requirement for continued listing. Additionally, shareholders approved an amendment to increase authorized capital stock and ratified director elections at their annual meeting. Kustom Entertainment operates in the live event production industry, specializing in large-scale music festivals and proprietary ticketing technology.
