Business Context and Reporting Period
This Form 8-K Current Report was filed by Kustom Entertainment, Inc. (formerly Digital Ally, Inc.) on January 8, 2026. The filing reports significant corporate actions effective as of January 8, 2026, including a reverse stock split, a corporate name change, and a change in the Nasdaq trading symbol. The company is incorporated in Nevada and trades on the Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and capital structure adjustments.
- Pre-Split Outstanding Shares: 2,402,498
- Post-Split Outstanding Shares: 801,006
- Reverse Stock Split Ratio: 1-for-3
- New CUSIP Number: 25382T 507
Material Changes Versus Prior Period
The following material changes were implemented effective January 8, 2026:
- Reverse Stock Split: Every three shares of common stock were converted into one share. Fractional shares were rounded up to the nearest whole share.
- Corporate Name Change: The company changed its name from "Digital Ally, Inc." to "Kustom Entertainment, Inc."
- Trading Symbol Change: The ticker symbol on the Nasdaq Capital Market changed from "DGLY" to "KUST."
- Bylaws Amendment: The company's Amended and Restated Bylaws were amended to reflect the new corporate name.
Guidance, Outlook, and Risks
Management commentary indicates a strategic shift in focus toward the company's live event production business and its proprietary online ticketing platform. The filing includes standard forward-looking statements regarding these business areas, noting that actual results may differ materially from expectations due to various risks and uncertainties.
Key risks and contingencies mentioned include:
- Uncertainty regarding the growth of the live event industry.
- No guarantee that the trading price of the common stock will reflect the company's value.
- Risks associated with the reverse stock split, name change, and symbol change.
The company explicitly states it does not intend to update forward-looking statements to conform to actual results except as required by law.
Important Facts for Investors to Verify
- Confirm the new ticker symbol "KUST" and CUSIP "25382T 507" in brokerage accounts.
- Verify the adjusted share count (801,006) and the 1-for-3 split ratio applied to holdings.
- Note that no action is required by stockholders regarding the name or symbol change.
- Review the attached press release (Exhibit 99.1) for further details on the strategic pivot to live event production.