Katapult Holdings Enters Material Definitive Agreement
Ticker: KPLTW · Form: 8-K · Filed: Oct 27, 2025 · CIK: 1785424
| Field | Detail |
|---|---|
| Company | Katapult Holdings, Inc. (KPLTW) |
| Form Type | 8-K |
| Filed Date | Oct 27, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $13.04 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action
Related Tickers: KPLT
TL;DR
KPLT signed a big deal, filing shows. Details to come.
AI Summary
On October 27, 2025, Katapult Holdings, Inc. filed an 8-K to report the entry into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company was formerly known as FinServ Acquisition Corp. and changed its name on August 14, 2019.
Why It Matters
This filing indicates a significant new contract or partnership for Katapult Holdings, Inc., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, which could carry significant financial implications, but the specifics of the agreement are not detailed in this initial report.
Key Players & Entities
- Katapult Holdings, Inc. (company) — Registrant
- FinServ Acquisition Corp. (company) — Former company name
- August 14, 2019 (date) — Date of name change
- October 27, 2025 (date) — Date of report and earliest event
FAQ
What is the nature of the material definitive agreement entered into by Katapult Holdings, Inc.?
The filing does not specify the exact nature of the material definitive agreement, only that one has been entered into as of October 27, 2025.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 27, 2025.
What was Katapult Holdings, Inc. formerly known as?
Katapult Holdings, Inc. was formerly known as FinServ Acquisition Corp.
When did Katapult Holdings, Inc. change its name?
The company changed its name on August 14, 2019.
What are the main items reported in this 8-K filing?
This 8-K filing reports the entry into a material definitive agreement and includes financial statements and exhibits.
Filing Stats: 870 words · 3 min read · ~3 pages · Grade level 13.5 · Accepted 2025-10-27 17:28:43
Key Financial Figures
- $0.0001 — ch Registered Common Stock, par value $0.0001 per share KPLT The Nasdaq Stock Mar
- $13.04 — ay of October 24, 2025 is approximately $13.04. This description of the Fifth Limited
Filing Documents
- dp236339_8k.htm (8-K) — 29KB
- dp236339_ex1001.htm (EX-10.1) — 68KB
- 0000950103-25-013675.txt ( ) — 315KB
- kplt-20251027.xsd (EX-101.SCH) — 4KB
- kplt-20251027_def.xml (EX-101.DEF) — 26KB
- kplt-20251027_lab.xml (EX-101.LAB) — 36KB
- kplt-20251027_pre.xml (EX-101.PRE) — 25KB
- dp236339_8k_htm.xml (XML) — 5KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On October 27, 2025, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "Fifth 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"), that certain Limited Waiver dated October 13, 2025 (the "Third Limited Waiver") and that certain Limited Waiver dated October 20, 2025 (the "Fourth 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 Fifth Limited Waiver, among other things, temporarily waives the Existing Default (as defined in the Fifth Limited Waiver) until October 29, 2025. Notwithstanding the waiver of the Existing Default pursuant to the Fifth 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 St
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 27, 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 27, 2025 /s/ Orlando Zayas Name: Orlando Zayas Title: Chief Executive Officer