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

Kustom Entertainment amended its asset sale of legacy video solutions business assets to Cycurion, raising total consideration to $6.1 million.

• $1.25 million upfront cash, including a $250,000 non-refundable payment already received, credited at closing.
• A $4.25 million secured promissory note due in 36 months with 7% annual interest.
• Cycurion will issue $600,000 of Series H Preferred Stock to replace 2,000,000 warrants with a $2.8 strike price.
• The outside closing date was extended to Sept. 15, 2026.