Katapult enters second limited waiver; lenders can convert up to 100% term loan to common stock at ~$19.52/share

Katapult Holdings, Inc.

Minimum trailing three-month originations covenant breached as of Aug 31, 2025; existing default temporarily waived until Oct 13, 2025.
Class B Lenders can convert up to 100% of term loan into common stock based on 20-day VWAP (~$19.52 as of Sep 26, 2025).
Conversion may dilute existing shareholders; lenders include multiple Blue Owl funds (Class A-1, A-2, B).
Credit Parties release all claims against Agent and Lenders, excluding fraud, gross negligence, or willful misconduct.

item 1.01item 9.01

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