Katapult Completes Reverse Merger with Aaron's and CCFI, Creating $4B Revenue Platform
KPLT sits 18% above its 52-week low of $5.5.
Summary
Katapult Holdings has closed its all-stock combination with The Aaron's Company and CCF Holdings, forming a scaled financial solutions platform for nonprime consumers. The deal, which was previously announced and detailed in multiple SEC filings, results in existing Katapult stockholders owning just 6% of the combined entity, with CCFI unitholders at 80% and Aaron's stockholders at 14%. The combined company generated over $4 billion in pro forma revenue and $460 million in adjusted EBITDA in 2025, providing significant scale. This follows a series of going-concern warnings and loan waivers; the merger addresses Katapult's survival risk by combining with profitable operations. The new entity will report through two segments: Lease-to-Own & Retail (Aaron's and Katapult) and Consumer Finance (CCFI). The completion removes a major overhang and transforms Katapult's financial profile, though massive dilution for legacy shareholders is now locked in.
At the time of this announcement, KPLT was trading at $6.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $31.6M. The 52-week trading range was $5.50 to $24.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.