Kustom Entertainment amends Cycurion asset sale terms, values deal at $6.1 million

Reuters2026/07/27 12:33

By:Reuters

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Kustom Entertainment amended its asset sale of legacy video solutions business assets to Cycurion, raising total consideration to USD 6.1 million.
Terms include USD 1.25 million upfront cash, including a USD 250,000 non-refundable payment already received, credited at closing.
Consideration also includes a USD 4.25 million secured promissory note due in 36 months with 7% annual interest.
Cycurion will issue USD 600,000 of Series H Preferred Stock to replace 2,000,000 warrants with a USD 2.8 strike price.
Outside closing date was extended to Sept. 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kustom Entertainment Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607270830PRIMZONEFULLFEED9798402) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kustom Entertainment amends Cycurion asset sale terms, values deal at $6.1 million

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