Katapult Holdings, Inc.

Katapult Holdings, Inc. disclosed that it is facing two lawsuits and multiple demand letters from stockholders challenging the disclosures related to its previously announced merger with CCF Holdings LLC and Aaron’s Intermediate Holdco, Inc. The lawsuits, filed in July 2026, allege that the Proxy Statement/Prospectus omitted material information, seeking to enjoin the Mergers or recover damages. Katapult denies the allegations, stating its disclosures comply with applicable law, and is addressing these issues to avoid delaying the Special Meeting scheduled for August 6, 2026, where stockholders will vote on the Mergers.

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.

Katapult Holdings, Inc. reached an agreement on June 5, 2026, to settle a patent lawsuit filed by Flexshopper, Inc. The lawsuit, initiated on September 30, 2024, alleged infringement of five U.S. Patents and sought an injunction and damages. The settlement provides Katapult and its affiliates, including Aaron's and CCFI, a nonexclusive, perpetual, irrevocable, fully paid-up, royalty-free, worldwide license to the Subject Patents. In exchange, Katapult agreed to pay a lump sum to Flexshopper, and all claims were dismissed with prejudice on June 8, 2026.

Katapult Holdings, Inc. (KPLT) has entered into a Third Amendment and Limited Waiver to its Amended and Restated Loan and Security Agreement. Key changes include the removal of the Minimum Trailing Net Three-Month Originations requirement and a reduction in the advance rate. This amendment also formally waives a previously existing Default related to failing to meet the origination requirement for May 2026. Additionally, the company received consent for its Parent Reorganization Transaction.

Katapult Holdings, Inc. reported a net income of $5.69 million for the first quarter ended March 31, 2026, a significant improvement from a net loss of $5.69 million in the prior year. Total revenue increased to $79.02 million. The company also provided an update on its pending mergers with CCFI and Aaron's, which are expected to close in Q3 2026, subject to customary conditions including regulatory and stockholder approvals.

Katapult Holdings reported strong first-quarter 2026 financial results, with net income significantly improving to $5.7 million and Adjusted EBITDA increasing by nearly 200%. The company also provided an update on its pending merger with The Aaron’s Company and CCF Holdings LLC, which is expected to close in the third quarter of 2026. This merger aims to create a premier omnichannel platform for nonprime consumers, enhancing scale, financial profile, and synergy potential.

Katapult Holdings reported strong financial results for Q1 2026, with total revenue increasing by 9.8% year-over-year to $79.0 million and Adjusted EBITDA surging by nearly 200% to $6.4 million. The company also achieved a net income of $5.7 million, a significant improvement from a net loss in the prior year. Katapult continues to progress with its pending merger transaction with The Aaron’s Company and CCF Holdings LLC, which is expected to create a premier omnichannel platform for nonprime consumers and enhance its financial profile.

Katapult Holdings, Inc. announced it will release its first quarter 2026 financial results before the market opens on Thursday, May 7, 2026. The company will not host a conference call to discuss these results due to its pending merger with The Aaron's Company and CCF Holdings LLC. All related financial disclosure materials will be accessible on Katapult's Investor Relations website.

Katapult Holdings, Inc. entered into its tenth limited waiver on April 15, 2026, for its Amended and Restated Loan and Security Agreement. This waiver was necessary due to the company's failure to maintain Minimum Trailing Three-Month Net Originations, a covenant under the agreement. The repeated need for waivers indicates ongoing challenges in meeting financial obligations.