{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-013675","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.450679+00:00","generated_at":"2026-05-17T02:12:37.558090+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Katapult obtains fifth limited waiver on loan covenant breach; default waived only until Oct 29","bullets":["Failed to maintain Minimum Trailing Three-Month Originations of at least $61M as of Aug 31 and Sep 30, 2025.","Fifth Limited Waiver temporarily waives the existing default only through October 29, 2025.","Class B Lenders may convert up to 100% of Term Loan into common stock; 20-day VWAP ~$13.04 as of Oct 24.","Prior waivers dated Sep 15, Sep 29, Oct 13, and Oct 20 show recurring covenant issues.","Company releases claims against lenders except for fraud, gross negligence, or willful misconduct."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-013675","json":"https://secwatch.observer/filing/0000950103-25-013675.json","markdown":"https://secwatch.observer/filing/0000950103-25-013675.md","text":"https://secwatch.observer/filing/0000950103-25-013675.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013675/0000950103-25-013675-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013675/dp236339_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:12:37.558090+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"}