---
schema_version: "secwatch.filing_event.v1"
accession: "0001515971-23-000045"
form_type: "8-K"
ticker: "KTEL"
cik: "0000845819"
company_name: "KonaTel, Inc."
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:40:51.084268+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001515971-23-000045
- form_type: 8-K
- ticker: KTEL
- cik: 0000845819
- company_name: KonaTel, Inc.
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845819/000151597123000045/0001515971-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845819/000151597123000045/ktel8k041623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515971-23-000045
- JSON: https://secwatch.observer/filing/0001515971-23-000045.json
- Plain text: https://secwatch.observer/filing/0001515971-23-000045.txt

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