Katapult Holdings, Inc. secured critical liquidity on November 3, 2025, by raising $65.0 million in gross proceeds through a private placement of Series A (\(35M) and Series B (\)30M) Convertible Preferred Stock to investor HHCF Series 21 Sub, LLC.
Debt Settlement and Covenant Relief: The net proceeds were immediately used to repay the senior secured term loan of approximately $32.65 million in full. Concurrently, the company obtained a Limited Waiver for recent defaults on Minimum Trailing Three-Month Originations covenants. However, this waiver is conditional: failure to obtain Requis
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