Kustom Entertainment Says Acquisition Consideration Is $89.60M Cash And $22.40M Restricted Common Stock; To Repay $35M Of TFL Outstanding Indebtedness At Closing; Holdback Shares Valued At $11.20M To Be Issued Upon Target EBITDA Achievement; Sellers Agree To Five-Year Non-Competition And Non-Solicitation Restrictions
On August 31, 2026, Kustom Entertainment, Inc. (the "Company" or the "Buyer") entered into a Unit Purchase Agreement with (i) TFL, LLC, a Kansas limited liability company ("TFL"), (ii) The Rouen
Kustom Entertainment is buying a company called TFL for about $112 million in cash and stock, and will also pay off $35 million of TFL's debts. Some extra stock rewards will only happen if the business hits certain profit goals.
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