KUST · Kustom Entertainment, Inc.
AI read · Bad for KUST
The AI's read
If Kustom uses the much larger share allowance, each current owner could hold a smaller part of the company. Shareholders also approved a possible acquisition share issue equal to at least 20% of current shares. The 1-for-10 split changes share counts, not ownership portions, and the filing does not say how many new shares will actually be issued.