{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-014154","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.451134+00:00","generated_at":"2026-05-17T00:55:27.882412+00:00","sec_items":["1.01","3.03","3.02","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Katapult closes $65M convertible preferred investment; loan covenants amended, new directors appointed","bullets":["Issued 35K Series A shares at $1,000 each ($35M gross) and 30K Series B shares ($30M) to HHCF Series 21 Sub, LLC for aggregate $65M.","Series A conversion price $12.32; Series B $11.39. Full conversion would give Purchaser 54.5% ownership, subject to 19.99% cap until stockholder approval.","Net proceeds: repay $35M term loan in full; $30M partially repay revolving loan and for general corporate purposes.","Loan agreement amended to permanently waive defaults through Oct 31, 2025; lower advance rate to 90%; raise liquidity covenant thresholds.","Directors Philip Key Bartow III, Jeffrey Rubin appointed immediately; Derek Medlin and Daniel Easley appointed conditionally; stockholder meeting by Feb 27, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-014154","json":"https://secwatch.observer/filing/0000950103-25-014154.json","markdown":"https://secwatch.observer/filing/0000950103-25-014154.md","text":"https://secwatch.observer/filing/0000950103-25-014154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325014154/0000950103-25-014154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325014154/dp236791_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:55:27.882412+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":[{"claim_id":"f5a1e05ac6a3ff14dfaecb0e8457db5e4e6328cf","claim":"Katapult Holdings, Inc.: Established Series A and Series B Convertible Preferred Stock via Certificates of Designations (effective 2025-11-03).","evidence_excerpt":"The Series A Certificate of Designations establishes the powers, designations, preferences, and other rights of the Series A Convertible Preferred Stock and became effective upon filing with the Secretary of State of the State of Delaware on November 3, 2025.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785424/000095010325014154/0000950103-25-014154-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-11-03"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}