Katapult Holdings, Inc. KPLT (last ticker on record)

CIK 1785424Its SEC filings (opens in a new tab)

95% wipeout
Delisting notice (not a red flag)
Restatement

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags: 2; Newest began Apr 2024
Largest fall in its shares: 98%; Jun 2021 to Oct 2026
Law firms: 12; Linked to 5 or more companies
Lawyers: 10; Linked to 5 or more companies

What happened

Apr 2, 2024Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 25, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 13, 2023Shares down 95% from their high
Apr 30, 2021Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
King & Spalding	Jan 2026	Named in a filing	426	1.28	0.35	1.04
Morrison & Foerster	Jan 2026	Named in SEC correspondence	825	1.17	0.55	1.15
Davis Polk	Mar 2023	Named in SEC correspondence	1,694	1.26	0.06	1.02
Cooley LLP	Aug 2021	Named in a filing	1,634	0.71	0.44	1.24
DLA Piper	Jan 2021	Named in SEC correspondence	1,184	1.00	0.45	1.20
Kirkland & Ellis	Oct 2019	Named in SEC correspondence	1,686	0.98	0.17	0.87
Ellenoff Grossman & Schole LLP	Sep 2019	Named in SEC correspondence	963	0.96	1.12	1.21
Holland & Knight	Jun 2026	Text search only	413	1.17	0.82	1.19
Troutman Pepper Hamilton Sanders LLP	Jun 2026	Text search only	154	1.18	0.00	1.15
Latham & Watkins LLP	Jan 2026	Text search only	2,667	0.98	0.31	1.10
Mayer Brown	Jan 2021	Text search only	680	0.98	0.34	0.94
Willkie Farr	Jan 2021	Text search only	539	1.23	0.40	0.84

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
John T. OwenMorrison & Foerster	Jan 2026	Named in SEC correspondence	18	0.00	0.00	0.69
Larry P. MedvinskyClifford Chance US LLP	Jan 2026	Named in SEC correspondence	16	0.46	0.00	1.43
Hillary A. ColemanDavis Polk	Mar 2023	Named in SEC correspondence	14	2.49	0.00	1.27
Nicole BrookshireCooley LLP	Aug 2021	Named in SEC correspondence	52	0.20	0.00	1.73
Andrew P. GilbertDLA Piper	Jan 2021	Named in SEC correspondence	49	0.65	0.50	1.01
Brooks W. AntweilKirkland & Ellis	Jan 2021	Named in SEC correspondence	22	2.92	0.00	1.23
Christian O. NaglerKirkland & Ellis	Oct 2019	Named in SEC correspondence	260	0.89	0.00	1.01
Douglas S. EllenoffEllenoff Grossman & Schole LLP	Sep 2019	Named in SEC correspondence	338	0.95	0.66	0.95
Stuart NeuhauserEllenoff Grossman & Schole LLP	Sep 2019	Named in SEC correspondence	416	0.78	0.42	1.04
Carlo ZenknerKirkland & Ellis	Jan 2021	Text search only	9	1.47	—	1.41