KonaTel secures $3.15M debt financing at 15% interest to fund mobile services growth

KonaTel, Inc.

Entered $3.15M senior secured note purchase with CCUR Holdings and Symbolic Logic; one-year maturity, 15% annual interest.
Two successive six-month optional extensions available; prepayment restricted for first nine months.
Proceeds: retire $150K SBA EIDL loan, allocate $3M to accelerate mobile services growth strategy.
Company and subsidiaries pledge all tangible and intangible assets as security under Guarantee and Security Agreement.
Purchasers receive $90K origination fee and expense reimbursement up to $50K.

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