secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001628280-23-008611
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult dismisses Deloitte as auditor, appoints Grant Thornton; cites material weaknesses in internal controls
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- Deloitte & Touche dismissed as independent auditor effective March 15, 2023; Grant Thornton LLP engaged for FY 2023.
- Audit reports for FY 2021 and FY 2022 were unqualified with no adverse opinions or disclaimers.
- No 'disagreements' between company and Deloitte on accounting principles or audit scope during the relevant periods.
- Material weaknesses in internal control over financial reporting disclosed, including insufficient GAAP-experienced personnel and lack of journal-entry controls; remediation ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023008611/0001628280-23-008611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023008611/kplt-20230320.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-008611

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