secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000950103-25-016129
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult to combine with Aaron's and CCF Holdings; existing holders to own 6% of combined company
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- Katapult enters merger agreement with Aaron's and CCF Holdings; close expected by Sept 30, 2026.
- Existing Katapult stockholders to own approx. 6.0% on fully diluted basis; CCFI 79.9%, Aaron's 14.1%.
- Consideration: Aaron's holders receive 11,369,237 Katapult shares; CCFI holders 58,516,558 shares.
- Lock-up agreements restrict sales for six months post-close, phasing out over 12 months.
- Termination fee of $1,514,174 payable by Katapult under certain circumstances; loan waiver obtained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325016129/0000950103-25-016129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010325016129/dp238690_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-016129

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