Katapult Holdings, Inc. 8-K

What Happened

• On January 15, 2026, Katapult Holdings, Inc. and its affiliates (Katapult SPV-1 LLC and Katapult Group, Inc.) entered into a Seventh Limited Waiver to their Amended and Restated Loan and Security Agreement (originally dated June 12, 2025) with Midtown Madison Management LLC and the lenders.
• The waiver responds to the Credit Parties’ failure to maintain the Minimum Trailing Three-Month Net Originations requirement as of the last business day of the month ended December 31, 2025. The Seventh Limited Waiver permanently waives the Existing Default described in the waiver. The full waiver document is attached as Exhibit 10.1 to the 8-K.

Key Details

• Date of waiver: January 15, 2026.
• Loan agreement originally dated: June 12, 2025; this is the seventh limited waiver following multiple prior waivers/amendments in Sept–Dec 2025.
• Reason for waiver: failure to meet the Minimum Trailing Three-Month Net Originations covenant as of Dec 31, 2025.
• Outcome: the Existing Default is permanently waived by the lenders per the Seventh Limited Waiver.

Why It Matters

• The waiver prevents the loan default from triggering lender remedies (such as acceleration or enforcement) tied to that covenant breach, preserving the Company’s financing arrangements for now.
• For investors, this is a signal that Katapult has faced covenant pressure on originations; continued covenant compliance and operational recovery will be important to monitor in future filings and earnings updates.
• The 8-K does not disclose new financial terms or changes in borrowing capacity here—review future disclosures for any further amendments, waivers, or lender actions.