---
schema_version: "secwatch.filing_event.v1"
accession: "0001010412-22-000021"
form_type: "8-K"
ticker: "KTEL"
cik: "0000845819"
company_name: "KonaTel, Inc."
filed_at: "2022-06-21T23:59:59+00:00"
generated_at: "2026-06-25T00:39:45.511670+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001010412-22-000021
- form_type: 8-K
- ticker: KTEL
- cik: 0000845819
- company_name: KonaTel, Inc.
- filed_at: 2022-06-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845819/000101041222000021/0001010412-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845819/000101041222000021/currloan8k6-14-22.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001010412-22-000021
- JSON: https://secwatch.observer/filing/0001010412-22-000021.json
- Plain text: https://secwatch.observer/filing/0001010412-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.