secwatch.observer — SEC 8-K summary
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Issuer:     Katapult Holdings, Inc. (KPLT)
CIK:        0001785424
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001628280-24-014384
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Katapult restates 2022-2023 financials; revenue overstated $2.3M, sales tax understated $5.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/0001628280-24-014384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785424/000162828024014384/kplt-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014384

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