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-0.0568534686172723 -0.0132137800849458 -0.0939122227465786 -0.0615856536101935 -0.0937942425672487 -0.0681925436526664 -0.0939122227465786 -0.0946201038225579
Stock impact report

KUSTOM ENTERTAINMENT AND CYCURION ANNOUNCE AGREEMENT ON TERMS FOR SALE OF LEGACY VIDEO SOLUTIONS SEGMENT

Kustom Entertainment, Inc. (KUST) 
Company Research Source: GlobeNewswire
TARGET JUNE 30, 2026 CLOSING DATE OVERLAND PARK, KS and MCLEAN, VA, April 17, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST) (“Kustom” or the “Company”), and Cycurion, Inc. (Nasdaq: CYCU) today announced they have entered into a revised, non-binding Memorandum of Understanding (“MOU”) that establishes revised terms for the sale of Kustom’s legacy video solutions segment (the “Business”) to Cycurion from the previously announced MOU on January 22, 2026. The parties have moved into the final stage of the transaction, focusing on the completion of definitive documentation. Based on the progress made to date, the parties currently anticipate the transaction will close on or prior to June 30, 2026. Key Transaction Terms Under the terms of the agreement, the aggregate purchase price is $5,500,000, structured to provide Kustom with immediate liquidity, long-term yield, and equity upside. The consideration consists of: Cash Payment: A $1,250,000 cash down payment p Show less Read more
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