Western Acquisition Ventures unit Cycurion extends Kustom Entertainment video-division asset deal, pays USD 250,000 fee

Reuters2026/07/31 20:36

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Western Acquisition Ventures reported Cycurion entered an amended deal to buy Kustom Entertainment’s video-solutions division assets, targeting a Sept. 15, 2026 close.
Buyer agreed to an immediate, non-refundable cash payment of $250,000 to secure the extension.
Deal consideration also swaps 2,000,000 warrants for Series H Preferred Stock with a $600,000 stated value.
Series H Preferred Stock carries a 12% annual dividend, converts to common stock at $1.45 per share.
All closing conditions were reported satisfied or waived, keeping the transaction on track for the extended deadline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Acquisition Ventures Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035658), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Western Acquisition Ventures unit Cycurion extends Kustom Entertainment video-division asset deal, pays USD 250,000 fee

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