Katapult Holdings (KPLT) Files for Share and Warrant Offering

Katapult Holdings (NASDAQ: KPLT) has filed the following:

This prospectus relates to the offer and sale from time to time by the selling securityholders named in this prospectus (the “Selling Securityholders”) of up to 2,703,864 shares of our common stock, par value $0.0001 per share (“Common Stock”), including up to 243,546 shares of Common Stock underlying options and restricted stock unit awards (“RSU”) held by certain of our directors and executive officers. We will not receive any proceeds from the sale of shares of Common Stock by the Selling Securityholders pursuant to this prospectus.
Our registration of the securities covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the shares. The Selling Securityholders may sell the shares of Common Stock covered by this prospectus in a number of different ways and at varying prices. We provide more information about how the Selling Securityholders may sell the shares in the section entitled “Plan of Distribution.”
In addition, this prospectus relates to the issuance by us of up to an aggregate of 673,300 shares of our Common Stock which consists of (i) 13,300 shares of Common Stock that are issuable upon the exercise of the warrants (the “Private Placement Warrants) originally issued in a private placement in connection with the initial public offering (the “IPO”) of FinServ, and (ii) 500,000 shares of Common Stock that are issuable upon the exercise of 12,500,000 warrants (the “Public Warrants”) originally issued in the IPO of FinServ and (iii) 160,000 shares of common stock issuable upon exercise of the warrant to purchase stock, issued by us to Midtown Madison Management LLC in a private placement on March 6, 2023 (the “Midtown Private Warrant” and, together with the Private Placement Warrants and the Public Warrants, the “Warrants”). We will receive the proceeds from any exercise of any Warrants for cash.
We are registering the securities for resale pursuant to the Selling Securityholders’ registration rights under certain agreements between us and the Selling Securityholders. Our registration of the securities covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the shares of Common Stock or Warrants. The Selling Securityholders may offer, sell or distribute all or a portion of their shares of Common Stock or Warrants publicly or through private transactions at prevailing market prices or at negotiated prices. We will not receive any proceeds from the sale of shares of Common Stock or Warrants by the Selling Securityholders pursuant to this prospectus. We provide more information about how the Selling Securityholders may sell the shares or Warrants in the section entitled “Plan of Distribution.”

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