8-K/A filed September 30, 2025, 7:59 PM ET ticker KTEL CIK 0000845819

other material confidence high sentiment neutral materiality 0.70

KonaTel amends IM Telecom sale; to receive $700K holdback, drops pursuit of final closing

KonaTel, Inc.

Parties executed First Omnibus Amendment on Sept 19, 2025; no longer pursuing FCC change of control for Final Closing.
KonaTel to receive $700K of $1M holdback upon filing with FCC to reactivate APIs; remaining $150K paid later.
Management Agreement terminated; IM Telecom to hire new CEO and operate under Annual Plan effective immediately.
Excess Telecom granted first-priority security interest over all IM Telecom assets to secure recoupment of over $100M capex.
KonaTel will continue to receive Distribution Agreement payments from IM Telecom vertical sales channels, including healthcare.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.