{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-000562","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2026-01-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.169956+00:00","generated_at":"2026-05-16T10:11:46.026042+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Katapult defaults on loan covenant; obtains permanent waiver from lenders","bullets":["Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of Dec 31, 2025.","Seventh Limited Waiver permanently waives that specific existing default under the Loan Agreement.","Waiver effective January 15, 2026; lenders include Blue Owl entities and Midtown Madison Management.","Credit parties release lenders from all claims arising before the waiver date.","No other defaults are waived; loan terms otherwise remain in full force."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-000562","json":"https://secwatch.observer/filing/0000950103-26-000562.json","markdown":"https://secwatch.observer/filing/0000950103-26-000562.md","text":"https://secwatch.observer/filing/0000950103-26-000562.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/0000950103-26-000562-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/dp240034_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:11:46.026042+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":"483000be21dbf75969dabca374c5e520dab8b8c9","claim":"Katapult Holdings, Inc. amended Seventh Limited Waiver with Midtown Madison Management LLC (effective 2026-01-15).","evidence_excerpt":"On January 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Seventh Limited Waiver”) to our Amended and Restated Loan and Security Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/0000950103-26-000562-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Midtown Madison Management LLC"},{"label":"Effective","value":"2026-01-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}