Katapult Holdings, Inc. Files Annual Report on Form 10-K
April 24 2024 - 5:12PM
Katapult Holdings, Inc. (Nasdaq: KPLT) (“Katapult” or the
“Company”), today announced the filing of its Annual Report on Form
10-K for the year ended December 31, 2023 (the “Form 10-K”). As
disclosed in the Form 10-K, the filing cures a listing deficiency
set forth in a notice the Company received from Nasdaq on April 18,
2024. The notice stated that the Company was not in compliance with
Nasdaq Listing Rule 5250(c)(1) because it had not timely filed the
Form 10-K with the SEC. With the filing of its Form 10-K, Katapult
has received notice from Nasdaq that it has regained compliance
with this listing requirement.
Forward-Looking Statements
Certain statements included in this Press Release contain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
contained in this Press Release that do not relate to matters of
historical fact should be considered forward-looking statements,
including the Company regaining compliance with Nasdaq Listing Rule
5250(c)(1). Words such as “may,” “could,” “expect,” “project,”
“outlook,” “strategy,” “intend,” “plan,” “seek,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “strive,” “goal,”
“continue,” “likely,” “will,” “would” and other similar words and
expressions are intended to signify forward-looking statements.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by the
Company and its management, are inherently uncertain and are
subject to various risks and uncertainties, including, without
limitation, the risks relating to the Company’s ability to regain
or maintain compliance with the Nasdaq Listing Rules or continue
its listing on Nasdaq, and the outcome of any hearing process as
well as those risks and uncertainties described in the sections
entitled “Risk Factors” in the Company’s most recent Annual Report
on Form 10-K for the year ended December 31, 2023 and similar
disclosures in subsequent periodic and current reports filed with
the SEC, which are available on the SEC website at www.sec.gov. You
should not place undue reliance on these forward-looking
statements, which apply only as of the date of this Press Release
and should not be relied upon as representing the Company’s views
as of any subsequent date. The Company explicitly disclaims any
obligation to update any forward-looking statements, other than as
may be required by law. If the Company does update one or more
forward-looking statements, no inference should be made that the
Company will make additional updates with respect to those or other
forward-looking statements.
About Katapult
Katapult is a technology driven lease-to-own platform that
integrates with omnichannel retailers and e-commerce platforms to
power the purchasing of everyday durable goods for underserved U.S.
non-prime consumers. Through our point-of-sale (POS) integrations
and innovative mobile app featuring Katapult Pay®, consumers who
may be unable to access traditional financing can shop a growing
network of merchant partners. Our process is simple, fast, and
transparent. We believe that seeing the good in people is good for
business, humanizing the way underserved consumers get the things
they need with payment solutions based on fairness and dignity.
Contact:
Jennifer KullVP of Investor Relationsir@katapult.com
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