공고 • Aug 12
The Aaron's Company, Inc. and CCF Holdings LLC completed the acquisition of Katapult Holdings, Inc. (NasdaqGM:KPLT) from agroup of shareholders in a reverse merger transaction.
The Aaron's Company, Inc. and CCF Holdings LLC entered into a definitive agreement to acquire Katapult Holdings, Inc. (NasdaqGM:KPLT) from agroup of shareholders in a reverse merger transaction on December 11, 2025. Under the terms of the agreement, upon close of the transaction, current Katapult stockholders will own 6% of the combined company on a fully diluted basis and stakeholders of Aaron’s and CCF Holdings will own the remainder. Aaron’s and CCF Holdings will be subsidiaries of Katapult, which is expected to continue trading on NASDAQ under the ticker symbol “KPLT.” Following the close of the transaction Katapult, Aaron’s, and CCF Holdings are expected to continue to operate under their existing brand names and the combined company will be called Katapult Holdings, Inc. In case of termination of transaction, Katapult would be required to pay an aggregate fee to Aaron’s and CCFI, collectively, equal to $1,514,174.
Upon closing, Cory Miller will serve as Chief Executive Officer and Russell Falkenstein will serve as Chief Financial Officer. The combined company’s board of directors will be comprised of nine directors, including Kyle Hanson as Executive Chair, Cory Miller, and Orlando Zayas. A majority of the board directors will be independent. The combined company will be headquartered in Atlanta, Georgia. As per the amended Agreement and Plan of Merger dated as of December 11, 2025, the Katapult Board will be increased to ten (10) members and Philip Bartow III will be appointed to such class alongside Lynn DeVault, Gene Schutt and Orlando Zayas. On August 4, 2026, it was announced that the transaction is expected to close in August 2026.
The transaction is subject to the receipt of requisite stockholder, regulatory approvals, the expiration or termination of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, effectiveness of the Registration Statement / Proxy Statement, the shares of Katapult Common Stock to be issued in Katapult Stock Issuance having been approved for listing on Nasdaq, receipt of required approvals from the equity holders of each of Aaron’s, CCFI, and Katapult, lock-up agreements, execution of registration rights agreement, execution of contribution agreements, and the satisfaction of other customary closing conditions. The Boards of Directors of Katapult, Aaron’s, and CCF Holdings, upon the recommendation of CCFI special committee, unanimously approved the transaction. The transaction is expected to close in the first half of 2026. As of March 11, 2026, the transaction is expected to close in the second quarter of 2026. As of May 7, 2026, the transaction is expected to close in the third quarter of 2026.
Guggenheim Securities, LLC is serving as financial advisor and Paul S. Scrivano, Nicole Brookshire, Caitlin L. Wood, Jennifer S. Conway, Christina Andersen, Corey M. Goodman, and Hilary Dengel of Davis Polk & Wardell LLP are serving as legal counsel to Katapult. Pursuant to the terms of Guggenheim Securities’ engagement, Katapult has agreed to pay a cash transaction fee (based on a percentage of the aggregate value associated with the Mergers) upon consummation of the Mergers, which cash transaction fee currently is estimated to be $6 million. Katapult has previously paid Guggenheim Securities a cash milestone fee of approximately $1 million that became payable upon the rendering of Guggenheim Securities’ opinion, which will be credited against the foregoing cash transaction fee. J.P. Morgan Securities LLC is serving as financial advisor, Cal Smith, Rob Leclerc, and Zack Davis of King & Spalding LLP is serving as legal advisor and John T. Owen and Larry P. Medvinsky of Morrison Foerster LLP is serving as legal counsel to The Aaron's Company, Inc./CCF Holdings LLC. Continental Stock Transfer & Trust Company acted as transfer agent and Mackenzie Partners, Inc. acted as proxy solicitor for Katapult Holdings, Inc. and will receive fee of $9,000 for its services. Ernst & Young acted as accounting due diligence advisor to Katapult.
The Aaron's Company, Inc. and CCF Holdings LLC completed the acquisition of Katapult Holdings, Inc. (NasdaqGM:KPLT) from agroup of shareholders in a reverse merger transaction on August 11, 2026.