KONA GRILL, INC. (NASDAQ:KONA) Files An 8-K Other EventsItem 8.01 Other Events.
Kona Grill, Inc. (the “Company”) indicated on its first quarter 2017 earnings conference call held on May 8, 2017 that it was seeking rent abatements or contemplating restaurant closures as part of its strategy to improve financial performance. As of May 31, 2017, the Company executed lease amendments for rent concessions for a one-year period at two of its existing restaurants, the terms of which are confidential. The Company continues to negotiate with certain of its landlords regarding rent abatement or closures of certain additional restaurants.
About KONA GRILL, INC. (NASDAQ:KONA)
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. KONA GRILL, INC. (NASDAQ:KONA) Recent Trading Information
KONA GRILL, INC. (NASDAQ:KONA) closed its last trading session 00.00 at 4.05 with 73,745 shares trading hands.