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The latest announcement is out from Katapult Holdings ( (KPLT) ).
On April 15, 2026, Katapult Holdings, Inc. and its affiliated credit parties entered into a tenth limited waiver to their Amended and Restated Loan and Security Agreement with Midtown Madison Management LLC and other lenders. The action followed failures to maintain required minimum trailing three-month net originations as of March 31, 2026 and an increase in charged-off leases beyond agreed thresholds, underscoring ongoing performance pressures in the company’s loan collateral.
Under the new waiver, lenders permanently waived the existing default tied to these covenant breaches and any reduction to the advance rate that would have resulted from the related trigger events. This relief helps stabilize Katapult’s access to funding under the loan facility, temporarily easing covenant pressure but also highlighting continued reliance on lender flexibility as credit performance and originations remain under scrutiny.
The most recent analyst rating on (KPLT) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Katapult Holdings stock, see the KPLT Stock Forecast page.
Spark’s Take on KPLT Stock
According to Spark, TipRanks’ AI Analyst, KPLT is a Neutral.
The score is held down primarily by weak financial quality—negative equity and ongoing negative operating/free cash flow despite a modest return to profitability. Recent loan covenant waiver events add financing risk. Technicals are only mildly supportive (mixed trend versus the 200-day), and valuation is broadly neutral with no dividend support.
To see Spark’s full report on KPLT stock, click here.
More about Katapult Holdings
Katapult Holdings, Inc. operates in the financial technology and consumer leasing sector, providing lease-to-own solutions that enable consumers to acquire durable goods through alternative financing arrangements. The company typically partners with merchants to offer its lease products at the point of sale, focusing on customers who may have limited access to traditional credit options.
Average Trading Volume: 22,450
Technical Sentiment Signal: Sell
Current Market Cap: $31.3M
Learn more about KPLT stock on TipRanks’ Stock Analysis page.