Recent Updates — KTEL

Effective October 30, 2026, KonaTel transferred 98,600 shares held by 490 shareholders as unclaimed property to the Texas Comptroller of Public Accounts. The company intends to file a Form 15 to deregister its shares under the Exchange Act and withdraw registration for 5,850,000 unissued shares from three S-8 Registration Statements related to its 2018 Incentive Stock Option Plan. KonaTel plans to list as an Alternative Reporting Company on the OTC Markets Group's OTCID Tier to save approximately $250,000 in annual legal and auditing costs while expanding its CPaaS services, including a new POTS replacement service. The company intends to return to full reporting status after this expansion effort.

KonaTel, Inc. announced that Director Robert M. Beaty has resigned from the Board of Directors effective September 30, 2026, citing personal reasons and a lack of time to dedicate to his duties. This departure leaves D. Sean McEwen, the Company's Chairman and CEO, as the sole remaining director. In accordance with Delaware General Corporation Law and the Company’s Bylaws, Mr. McEwen has reduced the authorized number of directors to one, maintaining himself in that position. The filing does not indicate any change in executive compensation or new appointments at this time. KonaTel operates in the telecommunications industry.

KonaTel, Inc. disclosed that its majority-owned subsidiary, IM Telecom, received notice from the Federal Communications Commission regarding alleged violations of Lifeline program rules on July 27, 2026. KonaTel owns a 51% interest in IM Telecom, which operates as a standalone partnership with Excess Telecom holding the remaining 49%. The company stated it believes IM Telecom is not in violation and will respond directly to the FCC. KonaTel receives monthly distributions of $16,500 from IM Telecom but anticipates these payments decreasing by approximately 12% monthly over the next one to two years as the company shifts focus toward its Hosted Services solutions operated by Apeiron Systems. The telecommunications industry involves wireless communication services and hosted IT infrastructure.