Katapult amends credit agreement, waives defaults from data errors, reduces liquidity covenant

Katapult Holdings, Inc.

Minimum liquidity covenant reduced from $10M to $7M through Dec 31, 2024, returns to $10M on Jan 1, 2025.
Max total advance rate for Q1 2025 increased from 120% to 125%.
Liquidity definition expanded to include deposits in Marqeta account for Katapult Pay.
Waives defaults from borrowing base certificate errors caused by data application issues.
Company now in full compliance with the credit agreement after discovering and resolving errors.

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