---
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"
generated_at: "2026-05-17T03:16:12.896944+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Katapult gets temporary waiver of loan default until Oct 27; lenders may convert debt to equity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-013412
- JSON: https://secwatch.observer/filing/0000950103-25-013412.json
- Plain text: https://secwatch.observer/filing/0000950103-25-013412.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.