Kustom Entertainment completes divestiture of Nobility Healthcare subsidiary

Kustom Entertainment (KUST) announced that it has closed the sale of its 51% ownership interest in Nobility Healthcare, its healthcare billing and revenue cycle management subsidiary. This step is in conjunction with its previously announced major corporate rebranding, by changing its name to Kustom Entertainment and its Nasdaq ticker symbol to “KUST”. The Company sold its majority stake to the current 49% minority owner for total estimated proceeds of $1.45 million. The transaction closed on January 8, 2026, and was structured as follows: $100,000 in cash paid at closing; $209,501 in credits related to previous advances and net working capital; A promissory note in the principal amount of $1,140,499 bearing 6% interest, with quarterly payments commencing on the 20th business day of July 2026, subject to certain earn-out provisions