Katapult Holdings Files 8-K for Material Agreement
Ticker: KPLTW · Form: 8-K · Filed: Oct 20, 2025 · CIK: 1785424
| Field | Detail |
|---|---|
| Company | Katapult Holdings, Inc. (KPLTW) |
| Form Type | 8-K |
| Filed Date | Oct 20, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $14.49 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: KPLT
TL;DR
Katapult Holdings (KPLT) filed an 8-K for a new material agreement.
AI Summary
Katapult Holdings, Inc. filed an 8-K on October 20, 2025, reporting the entry into a material definitive agreement and the filing of financial statements and exhibits. The company, formerly known as FinServ Acquisition Corp., is incorporated in Delaware and headquartered in Plano, Texas.
Why It Matters
This filing indicates a significant new agreement for Katapult Holdings, which could impact its financial performance and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's stock price.
Key Players & Entities
- Katapult Holdings, Inc. (company) — Registrant
- FinServ Acquisition Corp. (company) — Former company name
- October 20, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Plano, TX (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement filed by Katapult Holdings?
The filing does not specify the details of the material definitive agreement, only that one has been entered into.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 20, 2025.
What was Katapult Holdings' former company name?
Katapult Holdings, Inc. was formerly known as FinServ Acquisition Corp.
In which state is Katapult Holdings incorporated?
Katapult Holdings, Inc. is incorporated in Delaware.
Where are Katapult Holdings' principal executive offices located?
Katapult Holdings, Inc.'s principal executive offices are located at 5360 Legacy Drive, Building 2, Plano, TX 75024.
Filing Stats: 858 words · 3 min read · ~3 pages · Grade level 13.4 · Accepted 2025-10-20 17:28:36
Key Financial Figures
- $0.0001 — ch Registered Common Stock, par value $0.0001 per share KPLT The Nasdaq Stock Mar
- $14.49 — ay of October 17, 2025 is approximately $14.49. This description of the Fourth Limite
Filing Documents
- dp236084_8k.htm (8-K) — 28KB
- dp236084_ex1001.htm (EX-10.1) — 69KB
- 0000950103-25-013412.txt ( ) — 314KB
- kplt-20251020.xsd (EX-101.SCH) — 4KB
- kplt-20251020_def.xml (EX-101.DEF) — 26KB
- kplt-20251020_lab.xml (EX-101.LAB) — 36KB
- kplt-20251020_pre.xml (EX-101.PRE) — 25KB
- dp236084_8k_htm.xml (XML) — 5KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On October 20, 2025, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "Fourth Limited Waiver") to our Amended and Restated Loan and Security Agreement, dated as of June 12, 2025 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time, including pursuant to that certain Limited Waiver dated September 15, 2025 (the "First Limited Waiver"), that certain Limited Waiver dated September 29, 2025 (the "Second Limited Waiver") and that certain Limited Waiver dated October 13, 2025 (the "Third Limited Waiver"), the "Loan Agreement"), by and among Katapult SPV-1 LLC, Katapult Group, Inc., the Company (each a "Credit Party" and, together, the "Credit Parties"), Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (the "Lenders") in response to the Credit Parties' failure to maintain Minimum Trailing Three-Month Originations as of the last business day of (x) the calendar month ended August 31, 2025 and (y) the calendar month ended September 30, 2025 as required by the Loan Agreement. The Fourth Limited Waiver, among other things, temporarily waives the Existing Default (as defined in the Fourth Limited Waiver) until October 27, 2025. Notwithstanding the waiver of the Existing Default pursuant to the Fourth Limited Waiver, the Existing Default is deemed to have occurred and be continuing for purposes of the Conversion Rights (as defined in the Loan Agreement) and therefore the Class B Lenders (as defined in the Loan Agreement) and their assignees shall be entitled, at any time on or after the date hereof, to convert up to one hundred percent (100%) of the amount outstanding under the Term Loan (as defined in the Loan Agreement) into shares of common stock, par value $0.0001 per share of the Company ("Common Stock"), at the Conversion Rate (as defined in the Loan Agreement). The number o
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit 10.1 Limited Waiver, dated as of October 20, 2025, by and among Katapult SPV-1 LLC, Katapult Group, Inc, Katapult Holdings, Inc., Midtown Madison Management LLC and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 20, 2025 /s/ Orlando Zayas Name: Orlando Zayas Title: Chief Executive Officer