Deal Highlights:
• $1.25M in cash at closing
• $4.25M secured promissory note (7% interest)
• 2M common stock purchase warrants
• Target close: June 30, 2026
The Strategy:
This divestiture allows Kustom Entertainment to laser-focus on its rapidly growing live event production and online ticketing operations. Meanwhile, Cycurion gets to integrate established video and evidence management tech into its growing cybersecurity and AI portfolio!
Read more about the deal here: https://finance.yahoo.com/markets/stocks/arti...00607.html
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