Kustom Entertainment Implements 1-for-10 Reverse Stock Split
News related to:Kustom Entertainment, Inc · 2 min read
Olathe, KS, Sept. 29, 2026 /CourierPR/ -- Kustom Entertainment, Inc., a leader in live event production and ticketing technology, has announced a 1-for-10 reverse stock split of its common stock. The company anticipates that the reverse split will take effect on October 1, 2026, when the stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis. The new CUSIP number for the company's common stock will be 25382T705.
The reverse stock split is being implemented to ensure that the company's share price remains above the minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market. As of September 18, 2026, the company's board of directors approved the reverse stock split. Prior to the split, the company had 6,506,860 outstanding shares of common stock, which will be reduced to 650,686 shares following the split, subject to rounding adjustments.
The authorized number of shares of common stock was previously set at 13,333,333. Following the capital stock reduction, the authorized number of common shares will be 1,333,334. The number of authorized shares of preferred stock remains unchanged.
Nevada Agency and Transfer Company (NATCO), the company's transfer agent, will provide instructions to stockholders of record who hold stock certificates regarding the exchange of certificates for common stock. Stockholders who hold their shares in book-entry form or in brokerage accounts are not required to take any action to effect the exchange of their shares following the reverse stock split.
The company specializes in large-scale music festivals, including the legendary Country Stampede, and provides end-to-end event management and proprietary ticketing solutions for venues across the United States. The Country Stampede Festival is one of the company's flagship events, celebrating the best in country music while fostering community and providing a platform for emerging talent.
Forward-looking statements included in the press release are based on information currently available to the company and its current plans or expectations. The company notes that these statements are subject to a number of risks and uncertainties that could significantly affect current plans. The company does not intend to update any of the forward-looking statements to conform them to actual results.