KonaTel assigns rights to acquire Tempo Telecom to Insight Mobile for $4.5M

KonaTel, Inc.

On April 6, 2023, KonaTel assigned its membership interest purchase agreement for Tempo Telecom to Insight Mobile for $4.5M.
Payment: $500K deposit upon signing, $250K upon MDA activation, $4M upon receipt of required government approvals.
Assignment contingent on FCC and state approvals; Drop Dead Date is June 1, 2024.
If terminated without Cause, KonaTel receives $250K break-up fee (50% of deposit).

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