{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-013817","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.450880+00:00","generated_at":"2026-05-17T01:42:03.304606+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 enters sixth limited waiver for loan covenant breach; lenders can convert debt to equity","bullets":["Sixth limited waiver temporarily waives default for failing to maintain $61M minimum trailing three-month originations as of Aug 31 and Sep 30, 2025.","Waiver expires Oct 31, 2025; company has been in repeated covenant breach (prior waivers Sept 15, 29, Oct 13, 20, 27).","Existing default deemed continuing for conversion rights; Class B lenders may convert up to 100% of Term Loan to common stock at ~$12.85/share.","Agent and lenders have no obligation to extend waiver beyond Oct 31; company acknowledges no further commitment."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-013817","json":"https://secwatch.observer/filing/0000950103-25-013817.json","markdown":"https://secwatch.observer/filing/0000950103-25-013817.md","text":"https://secwatch.observer/filing/0000950103-25-013817.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013817/0000950103-25-013817-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325013817/dp236488_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:42:03.304606+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"}