{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-014384","form_type":"8-K","ticker":"KPLT","cik":"0001785424","company_name":"Katapult Holdings, Inc.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.099689+00:00","generated_at":"2026-06-04T03:43:07.402089+00:00","sec_items":["4.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Katapult restates 2022-2023 financials; revenue overstated $2.3M, sales tax understated $5.4M","bullets":["Non-reliance on previously issued financials for 2022 annual, 2022-2023 quarters, and Q4 2023 earnings release due to material misstatements.","Estimated 2022 revenue decrease $2.3M, depreciation expense increase $1.0M; sales tax payable increase $5.4M as of Dec 31, 2022.","As of Dec 31, 2023, sales tax payable increase $0.2M; additional immaterial corrections pending finalization.","Filing of 2023 10-K delayed; Form 12b-25 filed April 2, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-014384","json":"https://secwatch.observer/filing/0001628280-24-014384.json","markdown":"https://secwatch.observer/filing/0001628280-24-014384.md","text":"https://secwatch.observer/filing/0001628280-24-014384.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/0001628280-24-014384-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/kplt-20240401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:43:07.402089+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6178703a2ba939162607ee34039da8caba891822","claim":"Katapult Holdings, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"For the year ended December 31, 2022, the estimated impact of the restatements of the Company's consolidated statements of operations and comprehensive loss is expected to decrease revenue by $2.3 million and increase depreciation expense included in cost of revenue by $1.0 million. As of December 31, 2022, the estimated impact of the restatements of the Company’s consolidated balance sheet will be a cumulative increase in sales tax payable of $5.4 million and a decrease in property held for lease of $1.0 million. As of December 31, 2023, the estimated impact of the Company’s consolidated balance sheet will be an increase in sales tax payable by $0.2 million. In addition to the restatement e","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/0001628280-24-014384-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Deloitte & Touche LLP"},{"label":"Successor","value":"Grant Thornton, LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}