KPLT 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-05-08

• On December 11, 2025, we entered into the Merger Agreement pursuant to which CCFI and Aaron’s will become wholly owned subsidiaries of the Company, and the Company will remain a publicly traded entity. The Mergers, if completed, will create a premier omni-channel platform that provides non-prime con…

• We expect the Mergers, if completed, to significantly affect our future capital structure. Immediately following the consummation of the Mergers, the existing Katapult stockholders, CCFI equityholders, and Aaron’s equityholders, on a fully diluted basis, are expected to hold approximately 6.0%, 79.9…

• Refer to “Risk Factors” in Item 1A of Part II of this Quarterly Report for further discussion about the risks related to the Mergers.

• Revenue is recognized over a period of time subsequent to the gross originations (on average over an 8 month period). Historically, we recognized approximately 70-75% of revenue from gross originations two quarters after the quarter in which the origination occurred.

• The following tables present gross originations for the three months ended March 31, 2026 and 2025:

相对上期删除的文字 · 来源:10-Q · 2025-11-12

• The following tables present gross originations for the three and nine months ended September 30, 2025 and 2024:

• Gross originations through Katapult Pay represented 41% and 31% of gross originations during the three months ended September 30, 2025 and 2024, respectively.

• Wayfair represented 25% and 48% of gross originations during the three months ended September 30, 2025 and 2024, respectively. The gross originations from Wayfair exclude transactions through Katapult Pay and only include transactions directly through the Wayfair waterfall platform.

• Gross originations through Katapult Pay represented 39% and 19% of gross originations during the nine months ended September 30, 2025 and 2024, respectively.

• Wayfair represented 26% and 48% of gross originations during the nine months ended September 30, 2025 and 2024, respectively. The gross originations from Wayfair exclude transactions through Katapult Pay and only include transactions directly through the Wayfair waterfall platform.

相对上期新增的文字 · 来源:10-Q · 2026-05-08

• In connection with the Loan Agreement, the New Revolving Facility accrues interest at a rate per annum equal to SOFR, subject to a 3% floor and an applicable credit adjustment spread of 0.1%, plus 7.0% per annum. As of March 31, 2026, the interest rate on the New Revolving Facility was 11.3%.

• The effect of a hypothetical 100 basis point increase or decrease in interest rates would not have had a material impact on the fair market value of our investments as of March 31, 2026 and December 31, 2025. A 100 basis point change in interest rates would cause our New Revolving Facility annual in…

相对上期删除的文字 · 来源:10-Q · 2025-11-12

• such assessment, we may enter into swap contracts or other interest rate protection agreements from time to time to mitigate this risk.

• In connection with the Refinancing Agreement, the New Revolving Facility accrues interest at a rate per annum equal to SOFR, subject to a 3% floor and an applicable credit adjustment spread of 0.10%, plus 7.00% per annum. As of September 30, 2025, the interest rate on the New Revolving Facility was …

• In connection with the Refinancing Agreement, our New Term Loan bears interest at a rate per annum equal to 18.0%, which interest accrues to the principal balance as PIK interest on a weekly basis. Further discussion is included in Note 5.

• The effect of a hypothetical 100 basis point increase or decrease in interest rates would not have had a material impact on the fair market value of our investments as of September 30, 2025 and December 31, 2024. A 100 basis point change in interest rates would cause our New Revolving Facility and N…

相对上期新增的文字 · 来源:10-Q · 2026-05-08

• • None of us, CCFI or Aaron’s can be sure if or when the Mergers will be completed.

• • The market price of the Company’s common stock following the Mergers may decline as a result of the Mergers.

• • The parties’ equityholders may not realize a benefit from the Mergers commensurate with the ownership dilution they will experience in connection with or following the Mergers.

• • Certain provisions of the Merger Agreement may discourage third parties from submitting alternative takeover proposals, including proposals that may be superior to the arrangements contemplated by the Merger Agreement.

• • Each party is subject to business uncertainties and contractual restrictions while the Mergers are pending, which could adversely affect each party’s business and operations.

相对上期删除的文字 · 来源:10-Q · 2025-11-12

• •Our Series A Convertible Preferred Stock and Series B Convertible Preferred Stock could further reduce the voting power and dilute the ownership of existing holders of our common stock, and may adversely affect the market price of our common stock.

• •Until the Requisite Stockholder Approval is obtained, if at all, the Preferred Stock will accrue Dividends at an annual rate of at least 18% compounding weekly.

• •If the Requisite Stockholder Approval is obtained, the Preferred Stock would be convertible in full and would allow the holders thereof to become the majority owners of the Company.

• Risks Related to the Refinancing Agreement and our Indebtedness

• •If we trigger an event of default under the Refinancing Agreement and such event of default is not waived by our Lender, the Refinancing Agreement would terminate and our obligations under the Refinancing Agreement would accelerate, which would have a material adverse effect on our business, result…