{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-007354","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.714587+00:00","generated_at":"2026-05-19T08:47:26.828633+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Katapult refinances credit: $110M revolver, $32.7M term loan at 18% PIK; warrants issued to Blue Owl","bullets":["New $110M revolver (incl $20M new commitments) at SOFR+7%+0.10% spread; $32.7M term loan at 18% PIK interest.","Term loan convertible to equity at 50% discount to 20-day VWAP (floor $2); warrants for 486,264 shares at $0.01 to Blue Owl affiliates.","Stockholder approval required by Sep 1, 2025 for conversion; failure triggers default and acceleration.","Existing defaults waived contingent on stockholder approval; new covenants include minimum liquidity from Feb 2026.","Term loan conversion could dilute up to 80% of equity; warrants add ~10.7% of outstanding shares."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-007354","json":"https://secwatch.observer/filing/0000950103-25-007354.json","markdown":"https://secwatch.observer/filing/0000950103-25-007354.md","text":"https://secwatch.observer/filing/0000950103-25-007354.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325007354/0000950103-25-007354-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325007354/dp230096_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T08:47:26.828633+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}