secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0000950103-25-007155
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325007155/0000950103-25-007155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325007155/dp229959_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-007155

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