Katapult Holdings Approves $400,000 Retention Award for Executive Amid Merger

Reuters01-13
Katapult Holdings Approves $400,000 Retention Award for Executive Amid Merger

Katapult Holdings Inc. has approved a retention award for Derek Medlin, President and Chief Growth Officer, totaling $400,000 in connection with pending mergers. The award will be paid in three installments: $80,000 on January 9, 2026, $160,000 at the closing of the mergers, and $160,000 six months after the merger closing, contingent on Mr. Medlin’s continued employment. Additionally, interim Chief Accounting Officer Mr. Goss will receive a monthly stipend of $5,000 for six months.

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: 0000950103-26-000342), on January 12, 2026, and is solely responsible for the information contained therein.

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