Katapult obtains limited waiver for covenant breach under Refinancing Agreement

Katapult Holdings, Inc.

Entered Limited Waiver on Aug 5, 2025, waiving failure to maintain Minimum Trailing Three Month Net Originations as of July 31, 2025.
Default/Event of Default had occurred under Refinancing Agreement due to the missed covenant.
Waiver granted by Midtown Madison Management LLC and lenders; company continues to seek stockholder approval for equity issuance.
Refinancing Transaction requires stockholder approval; Definitive Proxy Statement filed with SEC.

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