Katapult reaches $12M settlement in class action suits; amends CFO severance terms

Katapult Holdings, Inc.

Agreed to settle two class actions for $12M total ($8.5M cash + $3.5M stock/cash); accrued $12M liability previously.
Settlement covers McIntosh v. Katapult (SDNY) and Saunders v. Einbinder (Del. Chancery); subject to court approval.
Amended CFO Nancy Walsh's employment: severance upon termination in Change in Control increased to 2x base salary plus target bonus.
COBRA subsidy extended to 18 months (from 12); Good Reason relocation threshold reduced to 30 miles (from 50).
No admission of liability; company had $5M insurance receivable already recorded.

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