Katapult Holdings A

At the virtual annual general meeting on April 30, 2026, Katapult Holdings’ shareholders approved all proposals listed in the proxy statement. Derek Medlin was elected as a Class II director to serve until the 2029 annual meeting, Grant Thornton was confirmed as the independent registered public accounting firm for fiscal 2026, and the advisory vote on the compensation of the named executive officers was approved. Approximately 80.51% of the outstanding common stock was represented, constituting a quorum. » More on de.investing.com

Katapult Holdings has entered into a tenth Limited Waiver to its amended credit and security agreement to cure an existing default for falling below the minimum requirement for net new originations and for exceeding certain thresholds on secured lease receivables. The April 15, 2026 agreement with Katapult SPV-1 LLC, Katapult Group, Midtown Madison Management and other lenders permanently removes the defined default and a potential reduction in the advance rate. The company notes that this description is subject to the full text of the waiver as filed in the attached SEC report. » More on de.investing.com

On Feb. 13, 2026, Katapult Holdings agreed with its lenders to an eighth temporary waiver after the minimum net new business requirement as of Jan. 31, 2026, was not met. The breach is permanently cured by the waiver; parties include Katapult SPV-1 LLC, Katapult Group, Inc., and Midtown Madison Management LLC, among other lenders. The company is facing significant liquidity problems (current ratio 0.58) and heavy cash burn; the stock fell 59% over six months to $6.16, with a market capitalization of $29m. Katapult also announced a planned stock transaction with The Aaron’s Company and CCF Holdings under which Katapult shareholders would hold 6% of the combined company, with closing expected in H1 2026, subject to approvals. » More on de.investing.com