Inactive Instrument

Kona Grill, Inc.

KONAQ

US50047H2013

Kona Grill, Inc. Announces Management Changes

March 29, 2019 at 06:06 am EDT

Effective March 21, 2019, Shawn Hassel was appointed to the Board of Directors of Kona Grill, Inc. Mr. Hassel is the co-founder and Managing Partner of Bestige Holdings, LLC. Mr. Hassel will serve as Chair of the Company's Strategic Alternatives Committee, utilizing his experience to advise the company in reviewing certain strategic alternatives for the purpose of maximizing the enterprise value of the company. Marcus Jundt, the company's Chief Executive Officer and a Director, informed the company on March 22, 2019, that he was resigning as Chief Executive Officer and as a Director effective March 31, 2019.

Berke Bakay, the company's Executive Chairman, informed the company on March 27, 2019, that he was resigning as the Company's Executive Chairman effective immediately. Alex Nanyan Zheng informed the company on March 27, 2019 that he was resigning as a Director effective immediately.

Latest news about Kona Grill, Inc.

Kona Grill, Inc. Bankruptcy Case Dismissed	21-05-22	CI
Motion for Case Dismissal Filed for Kona Grill, Inc.	20-02-07	CI
Kona Grill, Inc. Reports Earnings Results for the Half Year Ended June 30, 2019	19-12-20	CI
The ONE Group Hospitality, Inc. completed the acquisition of substantially all of the assets of Kona Grill, Inc. (OTCPK:KONA.Q), Kona Texas Restaurant, Inc., Kona Sushi, Inc., Kona Restaurant Holdings, Inc., Kona Macadamia, Inc., Kona Grill International Holdings, Inc., Kona Baltimore, Inc., Kona Grill Puerto Rico, Inc. and Kona Grill International, Inc. for $36 million.	19-10-03	CI
Motion for Asset Sale Approved for Kona Grill, Inc.	19-09-24	CI
Motion for Asset Sale Rejected for Kona Grill, Inc.	19-09-24	CI
Amended DIP Financing Approved for Kona Grill, Inc.	19-09-13	CI
First Motion for Exclusivity Period Extension Approved For Kona Grill, Inc.	19-09-04	CI
Motion for Asset Sale Filed by Kona Grill, Inc.	19-08-30	CI
The ONE Group Hospitality, Inc. entered into a definitive agreement to acquire substantially all of the assets of Kona Grill, Inc. (OTCPK:KONA.Q), Kona Texas Restaurant, Inc., Kona Sushi, Inc., Kona Restaurant Holdings, Inc., Kona Macadamia, Inc., Kona Grill International Holdings, Inc., Kona Baltimore, Inc., Kona Grill Puerto Rico, Inc. and Kona Grill International, Inc. for $35.8 million.	19-08-29	CI
First Motion for Exclusivity Period Extension Filed by Kona Grill, Inc.	19-08-21	CI
Williston Holding Company, Inc. cancelled the acquisition of substantially all of the assets of Kona Grill, Inc.	19-07-31	CI
Motion for Asset Sale Approved for Kona Grill, Inc.	19-07-25	CI
Notice for Auction Cancellation Filed by Kona Grill, Inc.	19-07-22	CI
Bidding Procedure Approved for Kona Grill, Inc.	19-05-29	CI
Final DIP Financing Approved for Kona Grill, Inc.	19-05-28	CI
Williston Holding Company, Inc. entered into an agreement to acquire substantially all of the assets of Kona Grill, Inc. for $20.3 million.	19-05-15	CI
Motion for Asset Sale Filed by Kona Grill, Inc.	19-05-14	CI
Motion for Joint Administration Approved for Kona Grill, Inc.	19-05-02	CI
Interim DIP Financing Approved for Kona Grill, Inc.	19-05-02	CI
Kona Grill, Inc. Announces Resignation of Richard J. Hauser from Its Board of Directors	19-05-01	CI
Motion for Joint Administration Filed by Kona Grill, Inc.	19-04-30	CI
Kona Grill, Inc. Filed for Bankruptcy	19-04-30	CI
Kona Grill, Inc.(OTCPK:KONA) dropped from S&P TMI Index	19-04-29	CI
Kona Grill, Inc.(OTCPK:KONA.Q) dropped from NASDAQ Composite Index	19-04-24	CI

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Company Profile

Kona Grill, Inc. owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi. Its menu items are prepared from scratch at each restaurant location and incorporate over 40 signature sauces and dressings. It also offers a full service bar offering a range assortment of wines, specialty cocktails and beers. Its restaurants seat an average of approximately 290 customers and comprise multiple dining areas. Its dining area, full-service bar, indoor/outdoor patio and sushi bar provide a choice of atmospheres and a range of environments. It locates its restaurants in various areas, such as retail centers, shopping malls, urban entertainment districts and lifestyle centers that are situated near commercial office space and residential housing.

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