---
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"
generated_at: "2026-05-17T02:12:37.558090+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Katapult obtains fifth limited waiver on loan covenant breach; default waived only until Oct 29

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-013675
- JSON: https://secwatch.observer/filing/0000950103-25-013675.json
- Plain text: https://secwatch.observer/filing/0000950103-25-013675.txt

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