---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008236"
form_type: "8-K"
ticker: "KPLT"
cik: "0001785424"
company_name: "Katapult Holdings, Inc."
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:46:43.868091+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-008236
- form_type: 8-K
- ticker: KPLT
- cik: 0001785424
- company_name: Katapult Holdings, Inc.
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785424/000162828025008236/0001628280-25-008236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785424/000162828025008236/kplt-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008236
- JSON: https://secwatch.observer/filing/0001628280-25-008236.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008236.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.