Katapult Holdings Secures Temporary Loan Waiver Amid Loan Covenant Breach

Reuters10-30

Katapult Holdings Secures Temporary Loan Waiver Amid Loan Covenant Breach

Katapult Holdings Inc. has entered into a Sixth Limited Waiver to its Amended and Restated Loan and Security Agreement, originally dated June 12, 2025, with Midtown Madison Management LLC and other lenders. The waiver, signed on October 29, 2025, temporarily addresses the company's failure to meet minimum trailing three-month originations for August and September 2025, as required under the loan agreement. The waiver extends until October 31, 2025, but stipulates that the existing default is still considered ongoing for purposes of conversion rights. As a result, Class B Lenders and their assignees may convert up to 100% of the outstanding term loan amount into Katapult common stock at the specified conversion rate, based on the 20-day volume weighted average price, which is approximately $12.85 as of October 28, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Katapult Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-013817), on October 29, 2025, and is solely responsible for the information contained therein.

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