Katapult Holdings replaces Grant Thornton as auditor
Katapult replaces Grant Thornton with Elliott Davis as auditor while highlighting prior going-concern language and the remediation of earlier internal control weaknesses.
Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary
Katapult Holdings, Inc. (KPLT) reported that its Audit Committee dismissed Grant Thornton LLP as independent registered public accounting firm on September 2, 2026 and, effective the same day, appointed Elliott Davis, PLLC as the new auditor. Grant Thornton’s audit reports for the fiscal years ended December 31, 2025 and 2024 were unqualified but included an explanatory paragraph expressing substantial doubt about Katapult’s ability to continue as a going concern. The company states there were no disagreements with Grant Thornton on accounting, disclosure, or audit scope, and no reportable events other than previously disclosed material weaknesses in internal control over financial reporting, which Katapult concluded were remediated as of December 31, 2024. Elliott Davis previously audited CCF Holdings LLC and Aaron’s Intermediate Holdco, Inc., entities that became wholly owned subsidiaries of Katapult following a business combination completed on August 11, 2026.
Positive
- Previously disclosed material weaknesses remediated: Katapult reports that internal control weaknesses related to U.S. GAAP expertise and controls over journal entries and reconciliations were considered remediated as of December 31, 2024, which reduces a prior governance and reporting risk.
Negative
- Going-concern uncertainty highlighted: Grant Thornton’s audit reports for the years ended December 31, 2025 and December 31, 2024 included an explanatory paragraph expressing substantial doubt about Katapult’s ability to continue as a going concern, signaling elevated financial risk.
