{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-013412","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.450484+00:00","generated_at":"2026-05-17T03:16:12.896944+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Katapult gets temporary waiver of loan default until Oct 27; lenders may convert debt to equity","bullets":["Failed to maintain minimum $61M trailing three-month originations as of Aug 31 and Sep 30, 2025, triggering default.","Fourth Limited Waiver temporarily waives the default until 5:00 PM ET on October 27, 2025.","Default deemed continuing for conversion rights; Class B lenders can convert up to 100% of Term Loan into common stock.","Conversion price based on 20-day VWAP (approx $14.49 as of Oct 17, 2025), subject to a specified discount.","Credit parties release lenders from all claims except fraud, gross negligence, or willful misconduct."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-013412","json":"https://secwatch.observer/filing/0000950103-25-013412.json","markdown":"https://secwatch.observer/filing/0000950103-25-013412.md","text":"https://secwatch.observer/filing/0000950103-25-013412.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013412/0000950103-25-013412-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013412/dp236084_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:16:12.896944+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"}