Katapult Holdings, Inc. 8-K

What Happened
Katapult Holdings, Inc. (KPLT) announced on April 15, 2026 that it entered into a Tenth Limited Waiver to its Amended and Restated Loan and Security Agreement (originally dated June 12, 2025). The waiver was agreed among Katapult SPV-1 LLC, Katapult Group, Inc., Katapult Holdings, Midtown Madison Management LLC (agent) and the lenders. The waiver permanently waives the identified Existing Default and any reduction to the loan facility's advance rate that would result from the specified advance-rate trigger events.

Key Details

• Date of waiver: April 15, 2026; Loan Agreement initially dated June 12, 2025.
• Reason for waiver: Credit parties failed to maintain the required Minimum Trailing Three-Month Net Originations as of March 31, 2026, and the percentage of leases in collateral that have been charged-off exceeded contractual thresholds.
• Effect: The Tenth Limited Waiver permanently waives the Existing Default and prevents any reduction in the advance rate tied to the identified trigger events.
• Filing: The full waiver text is attached as Exhibit 10.1 to the Form 8-K.

Why It Matters
This waiver means the lenders have agreed not to declare an event of default or reduce the borrowing advance rate based on the specific shortfalls noted as of March 31, 2026. For investors, that preserves the company’s current borrowing capacity and avoids immediate loan enforcement actions, but it also signals ongoing stress in originations and lease performance (higher charge-offs). Watch upcoming originations, charge-off trends, and any future lender actions or additional amendments, since repeated waivers can indicate continued pressure on liquidity and asset quality.