{"schema_version":"secwatch.filing_event.v1","accession":"0001515971-24-000017","form_type":"8-K","ticker":"KTEL","cik":"0000845819","company_name":"KonaTel, Inc.","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.043898+00:00","generated_at":"2026-06-06T15:31:53.536373+00:00","sec_items":["1.01","2.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KonaTel sells IM Telecom membership interest to Excess Telecom for $10M; $5M earnout tied to ACP renewal","bullets":["Initial sale of 49% interest for $10M; net proceeds of ~$3.55M after debt payoff and holdback.","KonaTel uses proceeds to repay CCUR Loan (~$3.65M principal + interest) and ACP Financing (~$1.46M).","Second closing of remaining 51% for $100 subject to FCC approval; KonaTel retains majority until then.","ACP Renewal Earnout: additional $5M if Congress renews ACP for >4 months by Dec 31, 2024.","KonaTel enters Management, Distribution, and Operating Agreements to continue brand and service."],"urls":{"canonical":"https://secwatch.observer/filing/0001515971-24-000017","json":"https://secwatch.observer/filing/0001515971-24-000017.json","markdown":"https://secwatch.observer/filing/0001515971-24-000017.md","text":"https://secwatch.observer/filing/0001515971-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/845819/000151597124000017/0001515971-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/845819/000151597124000017/ktel8k011824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:31:53.536373+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}