secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0000950103-25-006977
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325006977/0000950103-25-006977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325006977/dp229809_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-006977

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