Core Viewpoint - Kustom Entertainment, Inc. has divested its 51% stake in Nobility Healthcare to focus on its live event production and online ticketing business, reflecting a strategic shift towards a high-growth market with a $100 billion global addressable market [1][2][8] Group 1: Transaction Details - The sale of the majority stake in Nobility Healthcare was completed for total estimated proceeds of $1.45 million, closing on January 8, 2026 [2] - The transaction included immediate liquidity of $100,000 in cash, $209,501 in debt and working capital credits, and a promissory note of $1,140,499 with 6% interest [5] Group 2: Strategic Shift - The divestiture allows the company to streamline operations and focus exclusively on live entertainment and online ticketing, which is expected to be the primary growth engine [2] - The company aims to control the entire fan experience from ticket purchase to the end of the event, enhancing its service offerings [2] Group 3: Event Expansion - The Country Stampede Music Festival, a key event with a 30-year legacy, will be central to the company's new strategy, serving as a model for scaling event production and ticketing services nationwide [3] - The 2026 Country Stampede will feature a diverse lineup, showcasing a deliberate booking strategy that appeals to various generations and fan bases [4][6] Group 4: Future Outlook - The company is actively seeking to add new accretive businesses and services that align with its focus on live music events and online ticketing, ensuring a lean corporate structure [7] - Management emphasizes the opportunity in the entertainment sector, moving from a regional to a nationwide strategy [8]

Core Viewpoint - The StubHub class action lawsuit alleges that the company and its executives misled investors regarding the financial health of the company during its IPO, leading to significant stock price declines after the release of disappointing financial results [3][4]. Group 1: Class Action Lawsuit Details - The lawsuit, titled Salabaj v. StubHub Holdings, Inc., claims that StubHub and its executives violated the Securities Act of 1933 during the IPO process [1]. - Investors who purchased StubHub common stock during the IPO, which occurred on September 17, 2025, at an offering price of $23.50 per share, have until January 23, 2026, to seek appointment as lead plaintiff [2][5]. - The lawsuit alleges that the IPO's offering documents were materially false and misleading, particularly regarding changes in payment timing to vendors that adversely affected free cash flow [3]. Group 2: Financial Performance and Impact - StubHub reported a free cash flow of negative $4.6 million for Q3 2025, marking a 143% decrease year-over-year, and a net cash provided by operating activities of only $3.8 million, a 69.3% decrease [3]. - Following the release of these financial results on November 13, 2025, StubHub's stock price fell nearly 21% [3]. - By the time the class action lawsuit commenced, StubHub's stock price had dropped to as low as $10.31 per share, representing a nearly 56% decline from the IPO price [4]. Group 3: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has been recognized for its significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [6].

NEW YORK, Jan. 08, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of StubHub Holdings, Inc. (NYSE: STUB). Shareholders who purchased shares of STUB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stubhub-holdings-inc-loss-submission-form/?id=182864&from=3 CLASS PERIOD: Thi ...

Core Viewpoint - The Gross Law Firm is notifying shareholders of StubHub Holdings, Inc. regarding a class action lawsuit related to misleading statements made by the company during its initial public offering in September 2025 [1][2]. Group 1: Allegations - The complaint alleges that during the class period, the company issued materially false and misleading statements and failed to disclose significant changes in the timing of payments to vendors [2]. - These changes adversely impacted the company's free cash flow, leading to materially misleading reports regarding free cash flow for the trailing 12 months [2]. - As a result of these issues, the positive statements made by the company about its business operations and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is January 23, 2026, and they are encouraged to register without delay [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. - There is no cost or obligation for shareholders to participate in this case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements or omissions of material information [4].

Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against StubHub Holdings, Inc. regarding undisclosed adverse trends in vendor payments that led to a significant decline in free cash flow following its September 2025 IPO [1][4]. Group 1: Legal Proceedings - The lead plaintiff deadline for the class action is set for January 23, 2026, targeting investors who purchased StubHub securities during the September 2025 IPO [3][8]. - The core allegation of the lawsuit is that StubHub failed to disclose critical changes in vendor payment timing that adversely affected its liquidity [3][7]. Group 2: Financial Impact - StubHub reported a free cash flow decline of 143%, resulting in negative $4.6 million for the quarter following its IPO, attributed to changes in vendor payment timing [5][6]. - Following the disclosure of this financial downturn, StubHub's stock price fell over 20% in one day and has traded as much as 56% below its IPO price of $23.50 [5]. Group 3: Company Background - Hagens Berman is a global plaintiffs' rights complex litigation firm that focuses on corporate accountability and has secured over $2.9 billion for clients in similar cases [9][10].

Core Viewpoint - Rosen Law Firm is reminding purchasers of StubHub Holdings, Inc. common stock about the January 23, 2026 lead plaintiff deadline related to a class action lawsuit following the company's September 2025 IPO [1]. Group 1: Class Action Details - Investors who purchased StubHub common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by January 23, 2026 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that the Registration Statement was materially false and misleading, omitting critical information about changes in payment timing to vendors and their adverse impact on StubHub's free cash flow [5]. - It is claimed that these omissions led to materially misleading statements regarding StubHub's business and operations, resulting in investor damages when the true information became public [5].

Core Insights - The company is rebranding from Digital Ally, Inc. to Kustom Entertainment, Inc. to align with its strategic focus on the live event production and ticketing market, which is valued at over $100 billion [1] - A 1-for-3 reverse stock split will take effect, with trading on a split-adjusted basis starting January 8, 2026 [2][3] - The company is expanding its live events portfolio nationally, leveraging the success of the Country Stampede Music Festival as a model for large-scale events [4] Market Overview - The global music industry is projected to grow from $105 billion in 2024 to nearly $200 billion by 2035, despite a slowdown in growth to 6.2% in 2024 from 15.6% in 2023 [5] - Live music is expected to grow at a compounded annual growth rate of 7.2% from 2024 to 2030, driven by demand from millennials and Gen Z [6] Strategic Focus - The company's ticketing platform aims to provide a comprehensive solution for both its events and third-party venues, enhancing the overall fan experience [7] - The CEO emphasized the importance of the name change and the focus on live event production and ticketing platforms to meet the growing demand for in-person experiences [8] Company Information - Kustom Entertainment, Inc. specializes in large-scale music festivals and offers end-to-end event management and ticketing solutions across the U.S., with the Country Stampede Festival being a flagship event [11]

San Diego, California--(Newsfile Corp. - January 5, 2026) - Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of StubHub Holdings, Inc. (NYSE: STUB) common stock pursuant and/or traceable to StubHub's offering documents issued in connection with StubHub's September 17, 2025 initial public offering ("IPO"), have until Friday, January 23, 2026 to seek appointment as lead plaintiff of the StubHub class action lawsuit. Captioned Salabaj v. StubHub Holdings, Inc., No. 25-cv-09776 (S.D.N.Y. ...

Core Viewpoint - The Gross Law Firm is notifying shareholders of StubHub Holdings, Inc. regarding a class action lawsuit related to misleading statements made by the company during its initial public offering in September 2025 [1][2]. Group 1: Allegations - The complaint alleges that during the class period, the company issued materially false and misleading statements and failed to disclose significant changes in the timing of payments to vendors [2]. - These changes adversely impacted the company's free cash flow, leading to materially misleading reports regarding free cash flow for the trailing 12 months [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is January 23, 2026, and they are encouraged to register promptly [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. - There is no cost or obligation for shareholders to participate in this case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that artificially inflated stock prices [4].

Core Viewpoint - Robbins LLP is investigating allegations that StubHub's IPO registration statement was materially false and misleading, leading to a class action lawsuit by shareholders [1][3]. Group 1: Allegations and Financial Impact - The class action includes shareholders who purchased StubHub Holdings, Inc. common stock related to the registration statement and prospectus from the September 2025 IPO [2]. - Allegations state that the registration statement omitted critical information regarding changes in vendor payment timing, which adversely affected free cash flow, making the reported figures misleading [4]. - StubHub reported a free cash flow of negative $4.6 million for Q3 2025, a 143% decrease from the previous year's positive $10.6 million [5]. - The company's net cash from operating activities fell to $3.8 million, a 69.3% decrease from $12.4 million in the prior year [5]. Group 2: Stock Performance and Class Action Details - Following the disappointing financial results, StubHub's stock price dropped by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [6]. - By the time the class action commenced, StubHub's stock had declined nearly 56% from its IPO price of $23.50, trading as low as $10.31 per share [6]. - Shareholders interested in participating as lead plaintiffs must file by January 23, 2026, but can remain absent class members without taking action [7].