Katapult Holdings, Inc. 8-K

What Happened
Katapult Holdings, Inc. (KPLT) announced that it reached a settlement in the putative patent lawsuit Flexshopper, Inc. v. Katapult Holdings, Inc., filed Sept. 30, 2024 in the U.S. District Court for the Eastern District of Texas (Case No. 2:24-cv-00795-JRG). Under the settlement, Katapult and its affiliates obtained a nonexclusive, perpetual, irrevocable, fully paid-up, royalty-free, worldwide license to the asserted patents. The case was dismissed with prejudice on June 8, 2026.

Key Details

• Lawsuit: Flexshopper, Inc. v. Katapult Holdings, Inc., filed Sept. 30, 2024; dismissed with prejudice June 8, 2026 (E.D. Texas, Marshall Division, Case No. 2:24-cv-00795-JRG).
• Subject Patents: U.S. Patent Nos. 10,089,682; 10,282,778; 10,891,687; 11,966,969; 12,067,611.
• License: Nonexclusive, perpetual, irrevocable, fully paid-up, royalty-free, worldwide; covers Katapult, its affiliates, successors and assigns — explicitly includes Aaron’s Intermediate HoldCo, Inc. and CCF Holdings LLC and their affiliates.
• Mutual releases: Flexshopper and ReadySett LLC (the purchaser of the Flexshopper patents) fully release and covenant not to sue Katapult and its affiliates for direct or indirect infringement of the Subject Patents; Katapult agreed to pay a lump-sum amount to Flexshopper and fully released Flexshopper (payment amount not disclosed in the 8-K).

Why It Matters
This settlement removes the pending litigation risk tied to the listed patents and gives Katapult a perpetual royalty-free license to use the asserted technology, which can reduce future legal uncertainty. The company agreed to a lump-sum payment (amount not disclosed), so investors should watch Katapult’s upcoming financial reports for any cash or income-statement impact. The 8-K also included standard forward-looking-statement cautions; for further detail, review the company’s periodic filings.