Katapult Holdings Inc. (NASDAQ: KPLT) entered into a tenth limited waiver with its lenders on April 15, 2026, according to a company statement.

The waiver addresses the company's failure to maintain minimum trailing three-month net originations as of March 31, 2026, as required under its amended loan and security agreement. The waiver also covers instances where the percentage of charged-off leases in the collateral exceeded certain thresholds.

The tenth limited waiver permanently waives what the company termed the "Existing Default" and prevents reductions to the advance rate that would have resulted from the triggering events.

The loan agreement involves Katapult SPV-1 LLC, Katapult Group Inc., and Katapult Holdings Inc. as credit parties, with Midtown Madison Management LLC serving as administrative, payment and collateral agent and lender, along with other participating lenders.

This marks the tenth waiver or amendment to the original loan and security agreement dated June 12, 2025. Previous waivers and amendments occurred in September, October, November, December 2025, and January through March 2026.