MergerJun 18, 2026, 06:06 AM
Katapult Holdings Amends Merger Agreement, Increases Board Size to 10
AI Summary
Katapult Holdings, Inc. has amended its Agreement and Plan of Merger and its related Stockholders Agreement. The amendments, effective June 17, 2026, increase the size of the Katapult Board of Directors from nine to ten members and appoint Philip Bartow III to the board. Additionally, the voting requirements for future increases to the board size have been adjusted.
Key Highlights
- Katapult Holdings, Inc. amended its merger agreement with CCF Holdings LLC and Aaron's Intermediate Holdco, Inc.
- The size of the Katapult Board will be increased to ten (10) members.
- Philip Bartow III will be appointed to the Katapult Board.
- The amendment modifies the voting threshold for increasing the board size above ten directors.
Price Impact
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