Katapult Holdings, Inc. 8-K

What Happened

• Katapult Holdings, Inc. and related credit parties (Katapult SPV-1 LLC and Katapult Group, Inc.) announced on June 2, 2026 that they entered into a Third Amendment and Limited Waiver to their Amended and Restated Loan and Security Agreement (originally dated June 12, 2025).
• The amendment, among other changes, removes the “Minimum Trailing Net Three‑Month Originations” requirement and reduces the advance rate under the loan. Midtown Madison Management LLC acts as administrative, payment and collateral agent and lender.

Key Details

• Amendment effective date: June 2, 2026.
• Original loan agreement date: June 12, 2025 (previously amended/waived multiple times).
• Material changes: removal of the minimum trailing net three‑month originations covenant; reduction of the advance rate (specific advance rate not disclosed in the 8‑K summary).
• Full text of the Third Amendment and Limited Waiver is filed as Exhibit 10.1 to the 8‑K.

Why It Matters

• The amendment changes the company’s borrowing terms and covenant structure: removing the originations requirement eases that specific operational covenant, while a lower advance rate reduces the portion of receivables/income the lenders will advance.
• For investors, these changes affect the company’s credit facility mechanics and could influence borrowing capacity and liquidity under the loan agreement; review the full amendment (Exhibit 10.1) for complete terms.