Kustom Entertainment increases authorized shares to 1.2 billion
Kustom Entertainment, Inc. increased its authorized capital stock to 1.2 billion shares on October 22, 2026, following stockholder approval at the company's 2026 annual meeting. The Nevada-based company filed a Certificate of Amendment with the Secretary of State of the State of Nevada to raise the limit from 11,333,334 shares to 1,200,000,000 shares. The new authorization structure designates 1,000,000,000 shares as common stock with a par value of $0.001 per share and 200,000,000 shares as preferred stock with a par value of $0.001 per share.
Kustom Entertainment, Inc. increased its authorized capital stock to 1.2 billion shares on October 22, 2026, following stockholder approval at the company's 2026 annual meeting. The Nevada-based company filed a Certificate of Amendment with the Secretary of State of the State of Nevada to raise the limit from 11,333,334 shares to 1,200,000,000 shares. The new authorization structure designates 1,000,000,000 shares as common stock with a par value of $0.001 per share and 200,000,000 shares as preferred stock with a par value of $0.001 per share.
The company disclosed the change in a Form 8-K current report filed with the U.S. Securities and Exchange Commission on October 23, 2026. The report identifies the earliest event date as October 22, 2026. Stanton E. Ross, who serves as Chairman, President and Chief Executive Officer, signed the document on behalf of the registrant. Kustom Entertainment's common stock trades on the Nasdaq Capital Market under the ticker symbol KUST.
The stockholders approved the Charter Amendment during the annual meeting held on October 5, 2026. The company's principal executive offices are located at 1475 N Winchester St, Olathe, KS 66061. The Form 8-K includes the full text of the Charter Amendment as Exhibit 3.1 and incorporates it by reference into Item 5.03. The filing notes that the description of the amendment is qualified by reference to the full text of the document filed with the Nevada Secretary of State.