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Kustom Entertainment announces 1-for-5 reverse stock split to meet Nasdaq listing price requirements.

Company Fundamentals
20 Apr 2026
GlobeNewsWire
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Neutral
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Kustom Entertainment, Inc. announced a 1-for-5 reverse stock split effective April 22, 2026, to increase its stock price and comply with Nasdaq's minimum $1.00 bid price rule. The split reduces the number of outstanding common shares from approximately 2.63 million to 526,613 and lowers authorized shares from 66.7 million to 13.3 million. This move aims to maintain the company's Nasdaq listing. Stockholders holding certificates will receive instructions for exchanging shares, while those in brokerage accounts need not act. The company continues its focus on live event production and ticketing technology, including the upcoming 2026 Country Stampede festival.

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