Katapult Holdings, Inc DEFR14A, filed Apr 29, 2024
Katapult Holdings, Inc. (KPLT)
DEFR14A
2024-04-29
View Original
Added on
October 26, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________________
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
(Amendment No. 1)
___________________________________
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement | ||||
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||||
☐ | Definitive Proxy Statement | ||||
☒ | Definitive Additional Materials | ||||
☐ | Soliciting Material Pursuant to §240.14a-12 | ||||
Katapult Holdings, Inc.
_________________________________________________________________________________________________
(Name of Registrant as Specified In Its Charter)
_________________________________________________________________________________________________
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
| Payment of Filing Fee (Check appropriate box): | ||||||||
☒ | No fee required. | |||||||
☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 | |||||||
☐ | Fee paid previously with preliminary materials. | |||||||
KATAPULT HOLDINGS, INC.
AMENDMENT TO DEFINITIVE PROXY STATEMENT
RELATING TO THE ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 5, 2024
EXPLANATORY NOTE
This Amendment No. 1 to Schedule 14A (this “Amendment No. 1”) is being filed to amend the definitive proxy statement (the “Proxy Statement”) of Katapult Holdings, Inc. (the “Company”) filed with the Securities and Exchange Commission on April 26, 2024 for its 2024 Annual Meeting of Stockholders to be held on June 5, 2024. This Amendment No. 1 is being filed solely to include Appendix A, a reconciliation of net loss to adjusted EBITDA, as calculated for purposes of the Company’s 2023 Short Term Incentive Plan (the “STIP”) and the 2023 performance stock units (the “PSUs”) granted to its chief financial officer. Appendix A is provided in full below. Except as specifically discussed in this Explanatory Note, this Amendment No. 1 does not otherwise modify or update any other disclosures present in the Proxy Statement.
APPENDIX A
The following table reflects the reconciliation of net loss to adjusted EBITDA, as calculated for purposes of the 2023 STIP and 2023 PSUs:
(dollars in thousands)
| Year Ended December 31, 2023 | |||||
| Net loss | $(36,666) | ||||
| Add back: | |||||
| Interest expense and other fees | 17,822 | ||||
| Interest income | (1,697) | ||||
| Change in fair value of warrant liability | (807) | ||||
| Provision for income taxes | 165 | ||||
| Depreciation and amortization on property and equipment and capitalized software | 1,133 | ||||
| Provision for impairment of leased assets | 1,727 | ||||
| Loss on partial extinguishment of debt | 2,391 | ||||
| Stock-based compensation expense | 7,034 | ||||
| Litigation expense, net | 7,000 | ||||
| Severance | 882 | ||||
| Other one-time expenses | 164 | ||||
| Adjusted EBITDA | $(852) | ||||