{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-012458","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.985920+00:00","generated_at":"2026-05-17T05:25:43.263085+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Katapult enters second limited waiver; lenders can convert up to 100% term loan to common stock at ~$19.52/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-012458","json":"https://secwatch.observer/filing/0000950103-25-012458.json","markdown":"https://secwatch.observer/filing/0000950103-25-012458.md","text":"https://secwatch.observer/filing/0000950103-25-012458.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325012458/0000950103-25-012458-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325012458/dp235143_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:25:43.263085+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"}