secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0000950103-26-005778
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult enters Tenth Limited Waiver for loan breach; waives Q1 originations miss
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- Credit parties failed to maintain Minimum Trailing Three-Month Net Originations as of March 31, 2026.
- Charge-off percentage ratio exceeded thresholds for vintage pools in Dec 2025, Jan/Feb 2026 monthly reports.
- Waiver permanently waives the resulting default and any advance rate reduction from trigger events.
- Lenders include Midtown Madison Management LLC and Blue Owl Asset Income funds; effective April 15, 2026.
- Credit parties represent no other defaults continuing and reaffirm obligations under the loan agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326005778/0000950103-26-005778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326005778/dp245242_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-005778

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer