Kustom, Cycurion revise terms for legacy video solutions sale, target June 30 close
PUBT · 04/17 11:06
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- Revised, non-binding MOU sets updated terms for Cycurion to buy Kustom legacy video solutions segment.
- Parties now target closing on or before June 30, 2026.
- Aggregate purchase price set at USD 5.5 million.
- Consideration includes USD 1.25 million cash at closing, USD 4.25 million secured promissory note at 7% interest over 36 monthly installments.
- Structure also includes 2,000,000 common stock purchase warrants at USD 2.8 per share, with earn-out and clawback capped at USD 1 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kustom Entertainment Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-017152), on April 17, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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