Post-Merger Auditor Swap: Katapult Replaces Grant Thornton with Elliott Davis
KPLT sits 47% above its 52-week low of $5.3 on elevated volume (3.2× avg).
Summary
Following the August 11 reverse merger with CCFI and Aaron's, Katapult replaced Grant Thornton with Elliott Davis as its independent auditor, effective September 2, 2026. Elliott Davis previously audited both acquired entities.
Key Events · Corporate Governance and Compliance · KPLT
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Auditor Change Effective September 2
The Audit Committee dismissed Grant Thornton LLP and engaged Elliott Davis, PLLC as the independent registered public accounting firm, effective immediately on September 2, 2026.
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No Disagreements or Reportable Events
Grant Thornton's 2024 and 2025 reports contained going-concern explanatory paragraphs but no adverse opinions; no disagreements or reportable events preceded the dismissal, except previously disclosed material weaknesses remediated as of December 31, 2024.
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Elliott Davis Audited Merger Counterparties
Elliott Davis served as auditor for CCFI since 2020 and Aaron's since 2024, both now wholly owned subsidiaries of Katapult following the August 11, 2026 reverse merger.
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Grant Thornton Concurs
Grant Thornton furnished a letter dated September 4, 2026, agreeing with the statements in the 8-K, filed as Exhibit 16.1.
Analysis · KPLT · Trade & Services
Effective September 2, 2026, Katapult dismissed Grant Thornton and engaged Elliott Davis as its independent auditor. The move follows the August 11 reverse merger with CCFI and Aaron's, and Elliott Davis had served as auditor for both acquired entities—a consolidation of audit relationships rather than a dispute-driven change. Grant Thornton's reports for 2024 and 2025 carried going-concern qualifications, and the company previously disclosed material weaknesses in internal controls (remediated as of December 31, 2024). No disagreements or reportable events triggered the dismissal, which reduces the alarm level, but auditor changes after a major merger still warrant investor attention as the combined entity's financial reporting transitions to a new firm.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KPLT was trading at $7.80 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $39.3M. The 52-week trading range was $5.30 to $24.34. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.