Katapult enters third limited waiver, extends maturity to June 13 amid existing defaults

Katapult Holdings, Inc.

Third Limited Waiver extends Maturity Date from June 9 to June 13, 2025; temporary waiver of existing defaults until then.
Existing defaults include liquidity <$10M, going concern opinion, total advance rate >120%, tangible net worth < -$50M.
Company is negotiating comprehensive maturity extension but may not complete on favorable terms; failure could materially affect business.
Lenders may make advances at their sole discretion; no commitment to further waivers or extensions.

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