other material
confidence high
sentiment neutral
materiality 0.30
Katapult waives preliminary proxy deadline and adjusts preferred dividend rate trigger
Katapult Holdings, Inc.
- Waiver with HHCF Series 21 Sub (holder of 100% Series A & B convertible preferred) dated Nov 13, 2025.
- Waives requirement to file preliminary proxy within 10 days after initial issue date of preferred stock.
- Dividend rate increased from 18% to 19% only if stockholder approval not obtained by first annual meeting; prior accumulation waived.
- Waiver does not otherwise amend the certificate of designations; rate remains 18% until potential trigger.