KPLT Katapult Holdings, Inc. - 8-K

Item 1.01 Entry Into a Material Definitive Agreement.

On June 2, 2026, the Company entered into the Third
Amendment and Limited Waiver (the “Third Amendment”) to our Amended and Restated Loan and Security Agreement, dated as
of June 12, 2025 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time, including
pursuant to that certain Limited Waiver dated September 15, 2025 (the “First Limited Waiver”), that certain Limited
Waiver dated September 29, 2025 (the “Second Limited Waiver”), that certain Limited Waiver dated October 13, 2025 (the
“Third Limited Waiver”), that certain Limited Waiver dated October 20, 2025 (the “Fourth Limited Waiver”),
that certain Limited Waiver dated October 27, 2025 (the “Fifth Limited Waiver”), that certain Limited Waiver dated
October 29, 2025 (the “Sixth Limited Waiver”), that certain Limited Waiver and First Amendment to Amended and Restated
Loan and Security Agreement dated November 2, 2025 (the “First Amendment”), that certain Limited Waiver and Second
Amendment to Amended and Restated Loan and Security Agreement dated December 11, 2025 (the “Second Amendment”), that
certain Limited Waiver dated January 15, 2026 (the “Seventh Limited Waiver”), that certain Limited Waiver dated February
13, 2026 (the “Eighth Limited Waiver”), that certain Limited Waiver dated March 9, 2026 (the “Ninth Limited
Waiver”), that certain Limited Waiver dated April 15, 2026 (the “Tenth Limited Waiver”), that certain Limited
Waiver dated May 5, 2026 (the “Eleventh Limited Waiver”) and the Third Amendment, the “Loan Agreement”), by
and among the Katapult SPV-1 LLC, Katapult Group, Inc., the Company (each a “Credit Party” and, together, the
“Credit Parties”), Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the
Lenders. The Third Amendment, among other things, amends the Loan Agreement to remove the Minimum
Trailing Net Three-Month Originations requirement and reduce the advance rate.

The foregoing description of
the Third Amendment does not purport to be complete, and is subject to and qualified in its entirety by reference to the full text of
the Third Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

No.

Exhibit

10.1

Third Amendment
and Limited Waiver to Amended and Restated Loan and Security Agreement, dated as of June 2, 2026, by and among Katapult SPV-1 LLC,
Katapult Group, Inc, Katapult Holdings, Inc., Midtown Madison Management LLC and the lenders party thereto.

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