Katapult enters second limited waiver, extends loan maturity to June 9, 2025

Katapult Holdings, Inc.

Second limited waiver extends maturity and waiver period from June 4 to June 9, 2025.
Company negotiating comprehensive maturity extension amendment; no assurance of favorable terms.
Existing defaults include liquidity below $10M, going concern opinion, total advance rate >120%, tangible net worth below -$50M.
During waiver period, agent and lenders may make advances in their sole discretion.
No obligation to extend waiver beyond June 9; full rights resume after.

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