Digital Ally Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
KUSTOM ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Charter)
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Reverse Stock Split
Effective as of January 8, 2026, Digital Ally, Inc. (the “Company”) filed a Certificate of Change (the “Certificate of Change”) to its Articles of Incorporation, as amended (the “Articles of Incorporation”) adopted by the Company’s Board of Directors (the “Board”) and filed with the Secretary of State of the State of Nevada on January 6, 2026, to effect a reverse stock split at a ratio of one-for-three (1-for-3), such that every three (3) shares of the Company’s common stock, par value $0.001 (the “Common Stock”) issued and outstanding would be converted and exchanged into one (1) share of Common Stock (the “Reverse Stock Split”). The Reverse Stock Split became effective at 12:01 a.m. Eastern Time on January 8, 2026, and began trading on the Nasdaq Capital Market on a split-adjusted basis at the start of trading on January 8, 2026.
The number of outstanding shares of Common Stock prior to the Reverse Stock Split was 2,402,498 and the number of outstanding shares of Common Stock following the Reverse Stock Split is 801,006. No fractional shares were issued in connection with the Reverse Stock Split, and any fractional shares that resulted from the Reverse Stock Split were rounded up to the nearest whole share. The new CUSIP number for the Common Stock is 25382T 507.
The foregoing description of the Certificate of Change does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Certificate of Change, a copy of which is attached to this Current Report on Form 8-K (this “Form 8-K”) as Exhibits 3.1, and which is incorporated by reference herein.
Name and Ticker Symbol Change
Effective as of January 8, 2026, the Company changed its corporate name from Digital Ally, Inc. to Kustom Entertainment, Inc. pursuant to a Certificate of Amendment (the “Name Change Certificate of Amendment”) to the Articles of Incorporation, as filed with the Nevada Secretary of State on January 6, 2026 (the “Name Change”). The Name Change became effective at 12:03 a.m. Eastern Time on January 8, 2026, and the Company began trading on the Nasdaq Capital Market under the new name at the start of trading on January 8, 2026.
Additionally, the Board approved an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective immediately after the effectiveness of the Name Change. The changes to the Bylaws are solely intended to reflect the Name Change. In accordance with the Nevada Revised Statutes and the provisions of the Company’s organizational documents, the Board approved the Bylaws and stockholder approval was not required for such amendment.
The information set forth herein is qualified in its entirety by reference to, and should be read in conjunction with, the complete text of the Name Change Certificate of Amendment and the Bylaws, filed herewith as Exhibits 3.2 and 3.3, respectively, which are incorporated by reference herein.
Item 8.01 Other Events.
New Nasdaq Ticker Symbol
In connection with the Name Change, the Company changed its trading symbol on the Nasdaq Capital Market for the Common Stock, from “DGLY” to “KUST”. The trading symbol change is effective as of the open of trading on January 8, 2026 (the “Symbol Change”).
The Symbol Change does not affect the rights of the Company’s stockholders. Stockholders do not need to take any action in connection with the Name Change or Symbol Change. There will be no change to the Company’s CUSIP in connection with the Name Change or Symbol Change.
Press Release
On January 5, 2026, the Company issued a press release announcing the Name Change, the Symbol Change and the Reverse Stock Split (the “Press Release”). A copy of the Press Release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Forward-Looking Statements
Exhibit 99.1 attached to this Form 8-K contains, and may implicate, forward-looking statements regarding the Company, and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Reverse Stock Split, Name Change or Symbol Change, references to the live event production business and its proprietary on-line ticketing platform, the Company’s expectations and shift in focus to its live event production business and its proprietary on-line ticketing platform, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned, including, without limitation, risks and uncertainties related to the Reverse Stock Split, the Name Change, the Symbol Change, the growth of the live event industry, and there being no guarantee that the trading price of the Company’s common stock will be indicate of the Company’s value. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number |
Description | |
| 3.1 | Certificate of Change to the Articles of Incorporation of Digital Ally, Inc., effective on January 8, 2026. | |
| 3.2 | Certificate of Amendment to the Articles of Incorporation of Kustom Entertainment, Inc., effective on January 8, 2026. | |
3.3 |
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| 99.1 | Press Release dated January 5, 2026. | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 8, 2026
| Kustom Entertainment, Inc. | ||
| By: | /s/ Stanton E. Ross | |
| Name: | Stanton E. Ross | |
| Title: | Chairman, President and Chief Executive Officer | |