KONA GRILL, INC. (NASDAQ:KONA) Files An 8-K Other Events

Item 8.01Other.

On April 26, 2017, Kona Grill, Inc. (the Company), received a
letter from James C. Pappas of JCP Investment Management, LLC
(JCP), inquiring whether the Companys Board of Directors would
support JCP acquiring 29.9% of the Companys common stock in the
open market. Mr. Pappas letter is attached hereto as Exhibit
99.1.

On May 8, 2017, after discussion of Mr. Pappas letter during a
regular meeting, the Companys Board of Directors delivered a
letter to Mr. Pappas in the form of the letter attached hereto as
Exhibit 99.2. The letter indicated that the Board is not
interested in making an exception for Mr. Pappas under the
Companys Stockholder Rights Plan in order to allow his
acquisition of more than 9.9% of the Companys outstanding stock.

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 5.35 with 91,727 shares trading hands.