Katapult announces 1-for-25 reverse stock split

Katapult Holdings announced that its Board of Directors has approved a 1-for 25 reverse stock split of Katapult’s common stock, par value $0.0001 per share. The Reverse Stock Split was approved by Katapult’s stockholders at the Annual Meeting of Stockholders held virtually on June 6, 2023. The Reverse Stock Split will become effective at 5:01 p.m. Eastern Time on July 27, 2023, and the Common Stock will open for trading on The Nasdaq Stock Market on a reverse split-adjusted basis on July 28, 2023 under the existing trading symbol “KPLT.” The new CUSIP number for the Common Stock following the Reverse Stock Split will be 485859 201. Katapult’s publicly traded warrants will continue to be traded on the Nasdaq under the symbol “KPLTW” and the CUSIP number for the warrants will remain unchanged. At the effective time of the Reverse Stock Split, every 25 shares of Common Stock either issued and outstanding or held as treasury stock will be automatically reclassified into one new share of Common Stock. The par value per share of the Common Stock will remain unchanged at $0.0001.