Kustom Entertainment increases authorized shares to 1.2 billion

Kustom Entertainment, Inc. (NASDAQ: KUST) announced on Thursday that it has amended its Articles of Incorporation to boost the number of authorized shares of its capital stock from 11,333,334 to 1,200,000,000. The additional shares will consist of 1,000,000,000 common shares, each with a par value of $0.001, and 200,000,000 preferred shares with the same par value.

This significant 105-fold increase in authorized shares comes as the company, currently valued at just $2.43 million, confronts substantial financial challenges. KUST stock has dropped 98.6% over the past year, trading close to its 52-week low of $3.52. The company's Financial Health rating, provided by InvestingPro, is classified as WEAK due to rapid cash depletion.

Investors can obtain further insights through the Pro Research Report, which includes 16 additional ProTips and detailed analysis. The amendment was ratified by Kustom Entertainment's stockholders during the annual meeting on October 5, 2026, with the Certificate of Amendment submitted to the Nevada Secretary of State on October 22, 2026.

Kustom Entertainment is registered in Nevada and operates from Olathe, Kansas, with its common stock traded on The Nasdaq Capital Market under the symbol KUST.