secwatch / observer

Katapult Holdings, Inc. — fact timeline

Source-grounded facts extracted from Katapult Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

KPLT Katapult Holdings, Inc. JSON
Material Agreements

Katapult Holdings, Inc. amended Amendment to the Merger Agreement with CCF Holdings LLC and Aaron's Intermediate Holdco, Inc. (effective 2026-06-17).

“On June 17, 2026, Katapult Holdings, Inc., a Delaware corporation (“ Katapult ”) entered into an amendment (the “ Amendment to the Merger Agreement ”) to the Agreement and Plan of Merger (the “ Merger Agreement ”), dated as of December 11, 2025, by and among Katapult, Katapult Merger Sub 1, Inc., a Delaware corporation and wholly-owned indirect subsidiary of Katapult, Katapult Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned indirect subsidiary of Katapult, CCF Holdings LLC, a Delaware limited liability company (“ CCFI ”), and Aaron’s Intermediate Holdco, Inc., a Delaware corporation (“ Aaron’s ”).”
Earnings Releases

Katapult Holdings, Inc. reported first quarter ended March 31, 2026 results: revenue $79.0 million, net income $5.7 million.

“First Quarter 2026 Financial Highlights (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $64.2 million, an increase of 0.1%. Excluding the home furnishings and mattress category, gross originations grew 17.5% year-over-year. • Total revenue was $79.0 million, an increase of 9.8%. • Total operating expenses in the first quarter decreased by $1.0 million. Our fixed cash operating expenses 2 , which exclude transaction related costs and other non-cash and variable expenses, decreased by 10.8% year-over-year. • Income from operations was $4.3 million, an improvement compared with a loss of $(0.5) million in the first quarter of 2025. • Net income was $5.7 million for the first quarter of 2026, a 200% improvement compared with net loss of $(5.7) million reported for the first quarter of 2025.”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Approval, on a Non-Binding Advisory Basis, of Executive Compensation – To approve on a non-binding, advisory basis, the compensation of the Company’s named executive officers at the 2026-04-30 meeting.

“Proposal 3. Approval, on a Non-Binding Advisory Basis, of Executive Compensation – To approve on a non-binding, advisory basis, the compensation of the Company’s named executive officers. The proposal was approved by the following votes: Common Stock Votes For Common Stock Votes Against Common Stock Abstentions Common Stock Broker Non-Votes 2,464,158 215,402 86,164”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm – To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-04-30 meeting.

“Proposal 2. Ratification of the Appointment of Independent Registered Public Accounting Firm – To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The appointment was ratified by the following votes: Common Stock Votes For Common Stock Votes Against Common Stock Abstentions Common Stock Broker Non-Votes 3,400,543 133,379 10,667 778,865”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Election of Director Derek Medlin, Class II Director at the 2026-04-30 meeting.

“Proposal 1. Election of Directors – To elect Mr. Derek Medlin, Class II Director to the Board of Directors (the “Board”), to serve until the Company’s 2029 Annual Meeting of Stockholders and until their successors are elected and qualified. The proposal was approved by the following votes for each nominee: Director Common Stock Votes For Common Stock Votes Withheld Common Stock Broker Non-Votes Derek Medlin 2,608,581 157,143 778,865”
Material Agreements

Katapult Holdings, Inc. amended Tenth Limited Waiver with Midtown Madison Management LLC (effective 2026-04-15).

“On April 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Tenth Limited Waiver”) to our Amended and Restated Loan and Security Agreement”
Earnings Releases

Katapult Holdings, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $73.9 million, net income $19.8 million.

“Gross originations were $77.9 million, an increase of 3.7%. Excluding the home furnishings and mattress category, gross originations grew approximately 14.2% year-over-year. • Total revenue was $73.9 million, an increase of 17.3% • Total operating expenses in the fourth quarter increased by $0.3 million. Our fixed cash operating expenses 2 , which exclude transaction related costs and other non-cash and variable expenses, decreased by 40.5% year-over-year. • Loss from operations was $(1.0) million, an improvement compared with a loss of $(4.8) million in the fourth quarter of 2024 • Net income was $19.8 million for the fourth quarter of 2025, an improvement compared with net loss of $(9.6) million reported for the fourth quarter of 2024.”
Material Agreements

Katapult Holdings, Inc. amended Eighth Limited Waiver with Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (effective 2026-02-13).

“On February 13, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Eighth Limited Waiver”) to our Amended and Restated Loan and Security Agreement, dated as of June 12, 2025”
Material Agreements

Katapult Holdings, Inc. amended Seventh Limited Waiver with Midtown Madison Management LLC (effective 2026-01-15).

“On January 15, 2026, Katapult Holdings, Inc. (the “Company”) entered into the Limited Waiver (the “Seventh Limited Waiver”) to our Amended and Restated Loan and Security Agreement”
Material Agreements

Katapult Holdings, Inc. entered into Agreement and Plan of Merger with Aaron's Intermediate Holdco, Inc., CCF Holdings LLC valued at merger of Merger Sub 1 into Aaron's and Merger Sub 2 into CCFI; consideration includes shares of Kat (effective 2025-12-11).

“On December 11, 2025, Katapult Holdings, Inc. ( " Katapult ") entered into an Agreement and Plan of Merger (the " Merger Agreement "), by and among Katapult, Katapult Merger Sub 1, Inc., a Delaware corporation and wholly-owned indirect subsidiary of Katapult (" Merger Sub 1 "), Katapult Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned indirect subsidiary of Katapult (" Merger Sub 2 "), CCF Holdings LLC, a Delaware limited liability company (" CCFI "), and Aaron's Intermediate Holdco, Inc., a Delaware corporation (" Aaron's ").”
Equity Issuances

Katapult Holdings, Inc. issued 30,000 shares of preferred stock to HHCF Series 21 Sub, LLC for $1,000 per share.

“Company’s preferred stock, par value $0.0001 per share, designated as “Series A Convertible Preferred Stock” (the “Series A Convertible Preferred Stock”) at a purchase price of $1,000 per share, resulting in total gross proceeds to the Company of $35.0 million (the “Series A Issuance”) and has used the net proceeds from the Series A Issuance to repay in full”
Equity Issuances

Katapult Holdings, Inc. issued 35,000 shares of preferred stock to HHCF Series 21 Sub, LLC for $1,000 per share.

“Company’s preferred stock, par value $0.0001 per share, designated as “Series A Convertible Preferred Stock” (the “Series A Convertible Preferred Stock”) at a purchase price of $1,000 per share, resulting in total gross proceeds to the Company of $35.0 million (the “Series A Issuance”) and has used the net proceeds from the Series A Issuance to repay in full”
Governance Changes

Katapult Holdings, Inc.: Established Series A and Series B Convertible Preferred Stock via Certificates of Designations (effective 2025-11-03).

“The Series A Certificate of Designations establishes the powers, designations, preferences, and other rights of the Series A Convertible Preferred Stock and became effective upon filing with the Secretary of State of the State of Delaware on November 3, 2025.”

Joyce Phillips departed as Director at Katapult Holdings, Inc..

“On April 11, 2025, Joyce Phillips informed Katapult Holdings Inc. (the “Company”) that she will not stand for reelection at the Company’s 2025 Annual Meeting of Shareholders.”

Derek Medlin changed role as President and Chief Growth Officer at Katapult Holdings, Inc..

“Derek Medlin, age 41, the Chief Operating Officer of Katapult Holdings, Inc.’s (the “Company”) has been promoted to President and Chief Growth Officer, effective as of August 16, 2024.”

Arthur Goss changed role as Vice President, Internal Audit at Katapult Holdings, Inc..

“In connection with Ms. Folan’s acceptance, Mr. Arthur Goss, the interim Chief Accounting Officer will continue in his role as Vice President, Internal Audit.”

Kaitlin A. Folan was appointed as Chief Accounting Officer at Katapult Holdings, Inc..

“On July 15, 2024, Kaitlin A. Folan, age 41, accepted an offer from Katapult Holdings, Inc. (the “Company”) to join as the Company’s Chief Accounting Officer, effective as of July 22, 2024.”
Earnings Releases

Katapult Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $65.1 million, net income Net loss was $0.6 million. Guidance reaffirmed.

“Quarter 2024 Financial Highlights (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $55.6 million, an increase of 1.6% • Total revenue was $65.1 million, an increase of 18.1% • Total operating expenses in the first quarter decreased 18.5%. Fixed cash operating expenses 2 decreased approximately 20.6% • Net loss was $0.6 million”

Arthur Goss was appointed as Interim Chief Accounting Officer at Katapult Holdings, Inc..

“Upon Mr. Towers' departure and until such time as a permanent replacement is named, Mr. Arthur Goss, Vice President, Internal Audit will assume the duties and responsibilities of the Chief Accounting Officer on an interim basis.”

Christopher Towers resigned as Chief Accounting Officer at Katapult Holdings, Inc..

“On April 22, 2024, Katapult Holdings, Inc.’s (the “Company”) Chief Accounting Officer, Christopher Towers resigned from the Company.”
Auditor Changes

Katapult Holdings, Inc. reported that prior financial statements should not be relied upon.

“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”
Earnings Releases

Katapult Holdings, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $56.7 million, net income Net loss was $18.6 million. Guidance reaffirmed.

“quarter Adjusted EBITDA includes an add back of these $4.2 million out of period adjustments. • Gross originations were $67.5 million, an increase of 13.0% • Total revenue was $56.7 million, an increase of 16.1% • Our fourth quarter total operating expenses were impacted by a $7 million, net expense we recorded in connection with our negotiations to settle the two”
Earnings Releases

Katapult Holdings, Inc. reported the fourth quarter ended December 31, 2023 results: revenue approximately $58.0 million. Guidance raised.

“Katapult also expects to report approximately $58.0 million in revenue for the fourth quarter”
Governance Changes

Katapult Holdings, Inc.: Amended and restated bylaws to update for changes in Delaware General Corporate Law and implement edits related to Rule 14a-19, including revised stockholder meeting procedures and nomination requirements (effective 2023-12-28).

“On December 28, 2023, the Board of Directors (the “ Board ”) of Katapult Holdings, Inc. (the “ Company ”) approved and adopted amended and restated bylaws (the “ Second Amended and Restated Bylaws ”), which became effective the same day, to update for changes in the Delaware General Corporate Law (the “ DGCL ”) and implement edits related to the new Rule 14a-19 under the Securities Exchange Act of 1934, as amended (“Rule 14a-19”), including the following changes:”
Earnings Releases

Katapult Holdings, Inc. updated its three and nine months ended September 30, 2023 guidance (reaffirmed).

“On November 8, 2023, Katapult Holdings, Inc., a Delaware corporation ("Katapult"), issued a press release regarding its financial results for the three and nine months ended September 30, 2023.”
Earnings Releases

Katapult Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $55.3 million, net income $2.9 million. Guidance reaffirmed.

“Total revenue was $55.3 million, an increase of 9.8%”
Earnings Releases

Katapult Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $54.6 million, net income $6.4 million.

“for our merchant partners.” Second Quarter 202 3 Financial and Operational Highlights: (All comparisons are year-over-year unless stated otherwise.) • Gross originations were $54.7 million, an increase of 18.0% ◦ Approximately 51% of gross originations for the second quarter of 2023 came from repeat customers 1 • Total revenue was $54.6 million, an increase of”
Governance Changes

Katapult Holdings, Inc.: Amendment to certificate of incorporation to effect a 1-for-25 reverse stock split (effective 2023-07-27).

“On July 27, 2023, Katapult Holdings, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Certificate of Amendment ”) with the Secretary of State of the State of Delaware to amend the Company’s Second Amended and Restated Certificate of Incorporation to effect, effective as of 5:00 p.m. Eastern Time on July 27, 2023, a 1-for-twenty-five reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.0001 per share (“ Common Stock ”).”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Reverse Stock Split – To grant the Board the discretionary authority to amend the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock. at the 2023-06-06 meeting.

“Proposal 4. Reverse Stock Split – To grant the Board the discretionary authority to amend the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock. The proposal w as approved by the following votes: Common Stock Votes For Common Stock Votes Against Common Stock Abstentions Common Stock Broker Non-Votes 65,873,266 3,907,287 251,668 0”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm – To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-06-06 meeting.

“Proposal 3. Ratification of the Appointment of Independent Registered Public Accounting Firm – To ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The appointment w as ratified by th e following votes: Common Stock Votes For Common Stock Votes Against Common Stock Abstentions Common Stock Broker Non-Votes 68,362,788 461,556 1,207,877 0”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Amendment to 2021 Equity Incentive Plan – To amend the 2021 Equity Incentive Plan for the Company to (i) provide an increase in the number of shares currently available under the 2021 Equity Incentive Plan, (ii) add an "evergreen" provision beginning as of January 1, 2024, and (iii) extend the expir at the 2023-06-06 meeting.

“Proposal 2. Amendment to 2021 Equity Incentive Plan – To amend the 2021 Equity Incentive Plan for the Company to (i) provide an increase in the number of shares currently available under the 2021 Equity Incentive Plan, (ii) add an "evergreen" provision beginning as of January 1, 2024, and (iii) extend the expiration date to the tenth (10th) anniversary of the Annual Meeting. The propos al was approved by the following votes: Common Stock Votes For Common Stock Votes Against Common Stock Abstentions Common Stock Broker Non-Votes 45,104,605 10,045,782 213,048 14,668,786”
Shareholder Votes

Katapult Holdings, Inc. shareholders approved Election of Directors – To elect Mr. Brian Hirsch and Ms. Jane J. Thompson as Class II Directors to the Board of Directors (the "Board"), to serve until the Company's 2026 Annual Meeting of Stockholders and until their successors are elected and qualified. at the 2023-06-06 meeting.

“Proposal 1. Election of Directors – To elect Mr. Brian Hirsch and Ms. Jane J. Thompson as Class II Directors to the Board of Directors (the "Board"), to serve until the Company's 2026 Annual Meeting of Stockholders and until their successors are elected and qualified. The proposal was approved b y the following votes for each nominee: Director Common Stock Votes For Common Stock Votes Withheld Common Stock Broker Non-Votes Brian Hirsch 46,825,125 8,538,310 14,668,786 Jane J. Thompson 47,701,492 7,661,943 14,668,786”
Earnings Releases

Katapult Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $55.7 million, net income $9.1 million. Guidance initiated.

“million, increased 17.3% from the first quarter of 2022 ◦ Approximately 47% of gross originations for the first quarter of 2023 came from repeat customers 1 • Total revenue of $55.7 million, decreased 7.0% year-over-year, but reflects sequential improvement due to strong collection efforts and underwriting performance • Net loss was $9.1 million for the first”
Listing & Compliance Notices

Katapult Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

“April 21, 2023, Katapult Holdings, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate effect”
Auditor Changes

Katapult Holdings, Inc. dismissed Deloitte & Touche LLP as its auditor.

“On March 15, 2023, the Committee dismissed Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm, effective immediately.”
Auditor Changes

Katapult Holdings, Inc. engaged Grant Thornton LLP as its auditor.

“On March 15, 2023, following a comprehensive review process, the Audit Committee (the “Committee”) of the Board of Directors of Katapult Holdings, Inc. (the “Company”) approved the engagement of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.”
Earnings Releases

Katapult Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $48.8 million, net income $14.4 million.

“1.5% year-over-year, the first positive inflection since the third quarter of 2021. December 2022 gross originations increased by mid-teen’s year- over-year • Total revenue of $48.8 million decreased by $24.5 million, or 33.4% compared to the prior year period. Of the total $24.5 million decrease, $9.0 million was a result of our adoption of ASC 842 as of January 1,”

Karissa Cupito changed role as Chief Financial Officer at Katapult Holdings, Inc..

“On November 17, in connection with Ms. Walsh’s appointment, the Company announced that Karissa Cupito would step down from her position as the Company’s Chief Financial Officer and transition into a senior advisory role, effective as of December 12, 2022.”

Nancy Walsh was appointed as Chief Financial Officer at Katapult Holdings, Inc..

“On November 16, 2022 the Board of Directors of Katapult Holdings, Inc. (the “Company”) appointed Nancy Walsh, age 61, as the Company’s Chief Financial Officer, effective as of December 12, 2022.”
Earnings Releases

Katapult Holdings, Inc. reported the third quarter ended September 30, 2022 results: revenue $50.3 million, net income $8.2 million.

“today reported its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial and Operational Highlights: • Recorded total revenue of $50.3 million in third quarter 2022 compared to $71.7 million in the prior year, a decrease of $21.4 million. $5.4 million of this decline was attributable to the Company’s adoption of ASC 842”

Fangqiu Sun departed as Chief of Decision Science at Katapult Holdings, Inc..

“Ms. Fangqiu Sun, the Company’s Chief of Decision Science, will be leaving the Company.”

Joyce Phillips was appointed as member of the Board and member of the Audit Committee at Katapult Holdings, Inc..

“In addition, on February 8, 2022, the Board increased the size of the Board from seven to eight directors and, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Joyce Phillips to serve as a member of the Board and as a member of the Board’s Audit Committee, effective February 9, 2022.”

Jane J. Thompson was appointed as member of the Board and chair of the Compensation Committee at Katapult Holdings, Inc..

“On February 8, 2022, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Jane J. Thompson to serve as a member of the Board and as the chair of the Board’s Compensation Committee, effective February 9, 2022.”

Joanne Bradford resigned as director at Katapult Holdings, Inc..

“On February 7, 2022, Joanne Bradford, a member of the Board of Directors (the “Board”) of Katapult Holdings, Inc. (“Katapult”), informed Katapult of her decision to resign as a director of Katapult, effective February 8, 2022, in order to focus on other commitments.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.