secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2026-06-03T20:54:35+00:00
Accession:  0000950103-26-008473
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326008473/0000950103-26-008473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000095010326008473/dp247764_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-008473

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