KUSTOM ENTERTAINMENT, INC. ANNOUNCES BINDING AGREEMENT FOR THE DIVESTITURE OF ITS VIDEO SOLUTIONS SEGMENT TO FULLY COMPLETE LIVE ENTERTAINMENT PIVOT
Summary
Kustom Entertainment has signed a binding agreement to sell its legacy video solutions segment to Cycurion. The deal includes up to $5.5 million in cash and debt consideration plus 2,000,000 warrants, and it is expected to close in July 2026. Kustom wants to sharpen its focus on live event production, proprietary ticketing, and its expanding music festival business. The company says the divestiture gives it more capital and operating focus as it scales its live entertainment footprint.
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