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Katapult Holdings (KPLT) adds new 26% shareholder

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Katapult Holdings, Inc. (KPLT) has a new large shareholder, BasePoint Group Inc., which filed a Schedule 13D reporting beneficial ownership of 23,414,790 shares of common stock. This represents 26.8% of Katapult’s common stock, based on 87,400,000 shares outstanding as referenced in a recent company report.

The stake arose on August 11, 2026, when Katapult completed a merger involving Katapult Merger Sub entities, CCF Holdings LLC and Aarons Intermediate Holdco, Inc. BasePoint-related funds received 22,801,805 shares as non-cash merger consideration and an additional 612,985 shares as partial satisfaction of contingent payment obligations. The securities are held by BP Launch Aggregator LLC, an indirect wholly owned subsidiary of BasePoint.

BasePoint states it holds the shares for investment purposes and may buy more, sell some or all, or use financial instruments to change its economic exposure. It reports sole voting and dispositive power over the shares and currently discloses no specific plans to pursue corporate actions beyond what is described.

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Shares beneficially owned 23,414,790 shares Common stock beneficially owned by BasePoint Group Inc.
Ownership percentage 26.8% Percent of Katapult common stock class represented by BasePoint’s holdings
Shares outstanding 87,400,000 shares Katapult common stock outstanding used to calculate the ownership percentage
Merger consideration shares 22,801,805 shares Shares issued to BasePoint-managed funds as non-cash merger consideration
Contingent payment shares 612,985 shares Shares received as partial satisfaction of contingent payment obligations
Date of event triggering filing 08/11/2026 Date of merger completion that triggered the Schedule 13D
beneficially owned financial
"The aggregate percentage of shares of Common Stock reported beneficially owned by the Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 9 | Sole Dispositive Power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
contingent payment obligations financial
"612,985 shares of Common Stock were received as partial satisfaction of certain contingent payment obligations"
asset-based financing financial
"The principal business of the Reporting Person is providing asset-based financing to commercial, fintech and consumer originators"
Asset-based financing is a loan or line of credit that uses a company’s assets—such as accounts receivable, inventory, or equipment—as collateral to secure borrowing. It matters to investors because it affects a company’s access to cash, borrowing cost and financial risk: like using a car title to get a loan, lenders focus on the quality and value of pledged assets rather than just the company’s profits, which changes how fragile or flexible the business can be under stress.

FAQ

How much of Katapult Holdings, Inc. (KPLT) does BasePoint Group now own?

BasePoint Group reports beneficial ownership of 23,414,790 shares of Katapult common stock, representing 26.8% of the outstanding shares, based on 87,400,000 shares outstanding as referenced in Katapult’s August 11, 2026 report.

How did BasePoint Group acquire its Katapult (KPLT) stake?

BasePoint’s stake came through Katapult’s August 11, 2026 merger. Funds it manages received 22,801,805 shares as non-cash merger consideration and 612,985 shares as partial satisfaction of contingent payment obligations related to that merger.

Who legally holds the Katapult (KPLT) shares reported by BasePoint Group?

The reported 23,414,790 Katapult shares are held by BP Launch Aggregator LLC, an indirect wholly owned subsidiary of BasePoint Group Inc. BasePoint manages BP Launch Aggregator LLC and reports sole voting and dispositive power over these shares.

What are BasePoint Group’s intentions regarding its Katapult (KPLT) investment?

BasePoint states it holds Katapult securities for investment purposes and will review the position continually. It may buy more, sell some or all, or use financial instruments to adjust its economic exposure, without any current specific plans for corporate actions.

What is the total number of Katapult (KPLT) shares used to calculate BasePoint’s ownership percentage?

BasePoint calculates its 26.8% ownership based on approximately 87,400,000 shares of Katapult common stock outstanding, as reported in Katapult’s Form 8-K filed with the SEC on August 11, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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485859201

(CUSIP Number)
Matthew Kane
75 Rockefeller Plaza, 19th Floor
New York, NY, 10019
(212) 220-2660

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/11/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage of class is calculated based upon approximately 87,400,000 shares of Common Stock outstanding, as reported on the Issuers 8-K filed with the SEC on August 11, 2026.


SCHEDULE 13D


BasePoint Group Inc.
Signature:/s/ Matthew Kane
Name/Title:Matthew Kane, Chief Legal Officer
Date:08/18/2026