---
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"
generated_at: "2026-05-17T00:55:27.882412+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Katapult closes $65M convertible preferred investment; loan covenants amended, new directors appointed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.03, 3.02, 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-014154
- JSON: https://secwatch.observer/filing/0000950103-25-014154.json
- Plain text: https://secwatch.observer/filing/0000950103-25-014154.txt

## Key facts
- Governance Changes
  Katapult Holdings, Inc.: Established Series A and Series B Convertible Preferred Stock via Certificates of Designations (effective 2025-11-03).
  - Change: charter amendment
  - Effective: 2025-11-03
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1785424/000095010325014154/0000950103-25-014154-index.htm

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