false
0001785424
0001785424
2026-06-05
2026-06-05
0001785424
us-gaap:CommonStockMember
2026-06-05
2026-06-05
0001785424
KPLT:RedeemableWarrantsMember
2026-06-05
2026-06-05
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 5, 2026
| KATAPULT HOLDINGS, INC. |
| (Exact name of registrant as specified in its charter) |
| Delaware |
|
001-39116 |
|
81-4424170 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
5360 Legacy Drive, Building 2
Plano, TX |
|
75024 |
| (Address of principal executive offices) |
|
(Zip Code) |
| (833) 528-2785 |
| (Registrant’s telephone number, including area code:) |
| Not Applicable |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class |
|
Trading Symbol(s) |
|
Name of Each Exchange on
Which Registered |
| Common Stock, par value $0.0001 per share |
|
KPLT |
|
The Nasdaq Stock Market LLC |
| Redeemable Warrants |
|
KPLTW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 8.01. Other Events
On June 5, 2026, Katapult Holdings, Inc. (the “
Company”) reached an agreement to settle a putative patent lawsuit, captioned Flexshopper, Inc. v. Katapult Holdings, Inc.,
filed on September 30, 2024 in the U.S. District Court for the Eastern District of Texas, Marshall Division, (Case No.
2:24-cv-00795-JRG). The complaint alleged patent infringement of United States Patent Nos. 10,089,682; 10,282,778; 10,891,687;
11,966,969; and 12,067,611 (“Subject Patents”) and sought an injunction as well as damages for alleged lost profits and
willfulness. The settlement provides the Company and its affiliates, and their successors and assigns, a nonexclusive, perpetual,
irrevocable, fully paid-up, royalty-free, worldwide license to the Subject Patents. The Company’s affiliates explicitly
includes Aaron’s Intermediate HoldCo, Inc., (“Aaron’s”) and CCF Holdings LLC (“CCFI”), and each
of their affiliates. Additionally, Flexshopper and the entity that purchased the Flexshopper patents, ReadySett LLC ("ReadySett"),
fully releases and forever discharges and covenants not to sue the Company and its affiliates and their successors and assigns for
direct or indirect infringement of any of the Subject Patents. In exchange, the Company agreed to pay a lump sum amount to
Flexshopper and fully releases and forever discharges Flexshopper and its affiliates and their successors and assigns of all its
claims. Flexshopper and ReadySett dismissed the claims brought in the lawsuit with prejudice on June 8, 2026.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains “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 Current Report on Form 8-K that do not relate to matters of historical fact should be considered
forward-looking statements. These forward-looking statements may be identified by their use of terms and phrases such as “anticipate,”
“believe,” “continue,” “designed,” “enable,” “ensure,” “expect,”
“intend,” “will,” and other similar terms and phrases, and such forward-looking statements include, but are not
limited to, the Company’s expectations about the timing and approval of the dismissal of the lawsuit. These statements are not guarantees
of future performance and actual results could differ materially from the Company’s current expectations. 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 those risks and uncertainties described in
the sections entitled “Risk Factors” in the Company’s most recent Quarterly Report on Form 10-Q filed with the SEC on
March 31, 2026 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 Current
Report on Form 8-K 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: |
June 8, 2026 |
|
|
/s/ Orlando Zayas |
| |
|
|
|
Name: |
Orlando Zayas |
| |
|
|
|
Title: |
Chief Executive Officer |
| |
|
|
|
|
|
