---
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"
generated_at: "2026-05-16T10:11:46.026042+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Katapult defaults on loan covenant; obtains permanent waiver from lenders

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-000562
- JSON: https://secwatch.observer/filing/0000950103-26-000562.json
- Plain text: https://secwatch.observer/filing/0000950103-26-000562.txt

## Key facts
- Material Agreements
  Katapult Holdings, Inc. amended Seventh Limited Waiver with Midtown Madison Management LLC (effective 2026-01-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Midtown Madison Management LLC
  - Effective: 2026-01-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1785424/000095010326000562/0000950103-26-000562-index.htm

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