Katapult (KPLT) amends credit facility; waives default, removes minimum origination covenant

Katapult Holdings, Inc.

Permanent waiver of default for failure to meet Minimum Trailing Three-Month Net Originations as of May 31, 2026.
Removes Minimum Trailing Net Three-Month Originations covenant and reduces advance rate under $110M facility.
Consents to Parent Reorganization Transaction including new guarantor Katapult Midco and Permitted Hawthorn Debt.
Third amendment since June 2025 loan; cumulative 11+ prior limited waivers signal ongoing financial pressure.

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