Kustom Entertainment announces 1-for-10 reverse stock split
KUST•Kustom Entertainment will execute a 1-for-10 reverse stock split, with split-adjusted Nasdaq trading expected to start Oct. 1, 2026. The company says the move targets compliance with Nasdaq’s $1.00 minimum bid-price requirement.
1. Share count changes
The split is expected to reduce outstanding common shares to 650,686 from 6,506,860, subject to rounding for fractional shares. Authorized common shares will fall to 1,333,334 from 13,333,333, while preferred stock authorization will remain unchanged. The split will carry a new CUSIP, 25382T705.
