secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001628280-23-012940
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult reports Nasdaq bid-price deficiency; proposes reverse stock split
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- Received Nasdaq notice on April 21, 2023; closing bid price below $1.00 for 30 consecutive days.
- Compliance period: 180 calendar days, until October 18, 2023, to regain minimum $1.00 bid price.
- Proposes reverse stock split (ratio 1:25 to 1:40) at annual meeting on June 6, 2023.
- No immediate delisting; common stock continues trading on Nasdaq under 'KPLT'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023012940/0001628280-23-012940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828023012940/kplt-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-012940

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