{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-013098","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-10-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.450290+00:00","generated_at":"2026-05-17T03:57:01.287224+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Katapult obtains limited waiver on loan covenant default through Oct 20; lenders gain conversion rights at $16.54 VWAP","bullets":["Company defaulted on Minimum Trailing Three-Month Originations covenant as of Aug 31 and Sept 30, 2025.","Lenders temporarily waive default until Oct 20, 2025; no commitment to extend beyond.","Class B Lenders can convert up to 100% of Term Loan into common stock at 20-day VWAP (~$16.54 as of Oct 10).","Credit Parties release all claims against lenders except for fraud, gross negligence, or willful misconduct.","Conversion rights exercisable anytime after execution; potential significant dilution for existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-013098","json":"https://secwatch.observer/filing/0000950103-25-013098.json","markdown":"https://secwatch.observer/filing/0000950103-25-013098.md","text":"https://secwatch.observer/filing/0000950103-25-013098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013098/0000950103-25-013098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013098/dp235807_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:57:01.287224+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"}