Kustom Entertainment closes USD 6.1 million legacy video solutions asset sale to Cycurion
Reuters2026/08/04 12:55- Kustom Entertainment closed the divestiture of its legacy video solutions business assets to Cycurion in a USD 6.1 million deal.
- Transaction completed Aug. 3 under amended terms tied to the asset purchase agreement.
- Consideration includes USD 1.25 million cash, a USD 4.25 million secured promissory note, and USD 600,000 of Cycurion Series H preferred stock.
- Promissory note runs 36 months with 7% annual interest; Series H preferred carries a 12% cumulative dividend, paid quarterly in Cycurion shares.
- Deal completes Kustom’s shift to a pure-play live entertainment and ticketing technology business.
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.
You may also like
US military strikes Iranian oil tanker, triggering geopolitical risks as Brent crude nears $97 mark
Following the US military's attack on Iranian oil tankers and Iran's announcement of new restricted navigation zones outside the Strait of Hormuz, market concerns over prolonged disruptions in key energy transport routes have intensified, leading to a sharp rise in international oil prices.
Geopolitical tensions overshadowing production cuts: OPEC+ maintains quotas unchanged, paper adjustments fail to resolve physical supply dilemmas
OPEC+ major oil producers, led by Saudi Arabia and Russia, held a monthly video conference last Sunday and decided to keep the crude oil production quota for October unchanged, continuing the previous tone of stable production following a series of symbolic production increases.
IX Biopharma seeks SGX-ST trading halt lift for shares in Singapore
No Public Money Behind El Salvador’s New Bitcoin, IMF Confirms
Crypto prices
More
