secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000950103-25-009941
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult obtains limited waiver for covenant breach under Refinancing Agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325009941/0000950103-25-009941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325009941/dp232739_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-009941

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer