---
schema_version: "secwatch.filing_event.v1"
accession: "0001515971-23-000087"
form_type: "8-K/A"
ticker: "KTEL"
cik: "0000845819"
company_name: "KonaTel, Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T06:14:42.359701+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KonaTel amends note purchase agreement, adds up to $2M delayed draw notes, draws $500K

## Summary
- First Amendment to NPA with CCUR Holdings and Symbolic Logic allows up to $2M in delayed draw notes in $500K increments.
- Company exercised first draw of $500K on June 1, 2023; interest rate increased by 3% (now 18% per annum).
- Origination fee of 3% per draw; additional collateral assigned from Insight Mobile contract rights.
- Company also exercised second optional six-month extension of original $3.15M loan, paying $47,250 extension fee.

## SEC filing metadata
- accession: 0001515971-23-000087
- form_type: 8-K/A
- ticker: KTEL
- cik: 0000845819
- company_name: KonaTel, Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845819/000151597123000087/0001515971-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845819/000151597123000087/ktel8ka060523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515971-23-000087
- JSON: https://secwatch.observer/filing/0001515971-23-000087.json
- Plain text: https://secwatch.observer/filing/0001515971-23-000087.txt

## Key facts
- Material Agreements
  KonaTel, Inc. amended First Amendment to the NPA with CCUR Holdings, Inc. and Symbolic Logic, Inc. valued at up to $2,000,000 (effective 2023-06-01).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: CCUR Holdings, Inc. and Symbolic Logic, Inc.
  - Value: up to $2,000,000
  - Effective: 2023-06-01
  source text: nder the First Amendment to the NPA of $500,000. Notable items associated with the First Amendment to NPA are the following: ● Delayed
  evidence_url: https://www.sec.gov/Archives/edgar/data/845819/000151597123000087/0001515971-23-000087-index.htm

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