Financial Advisor
Hawthorn Horizon Credit Fund, LLC
M&A Advisory
Preferred Equity Investment In
Transaction Details
On November 3, 2025, Katapult Holdings, Inc. (“Katapult” or the “Company”) announced a significant investment from HHCF Series 21 Sub, LLC, a subsidiary of Hawthorn Horizon Credit Fund, LLC (“HHCF”). Under the terms of the agreement, Katapult issued and sold to HHCF an aggregate of 35,000 shares of Series A Convertible Preferred Stock and (b) an aggregate of 30,000 shares of Series B Convertible Preferred Stock. The Company received aggregate gross proceeds from the Preferred Stock Issuance of $65.0 million. “We believe this transaction strengthens our balance sheet and will allow Katapult to accelerate its growth and progress toward achieving sustained profitability. Our team has been working diligently to improve our capital structure and create a better foundation for continued growth, and we are very excited to partner with Hawthorn.” said Orlando Zayas, CEO of Katapult.
About the company
Katapult Holdings, Inc.
Katapult is a technology driven lease-to-own platform that integrates with omnichannel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved U.S. non-prime consumers. Through our point-of-sale (POS) integrations and innovative mobile app featuring Katapult Pay®, consumers who may be unable to access traditional financing can shop a growing network of merchant partners. Our process is simple, fast, and transparent.
Hawthorn Horizon Credit Fund
Hawthorn Horizon Credit Fund is an independently managed Delaware Protected Series LLC enabling investments through a structure of discreet Series subsidiaries. Terms are customized to meet target risk/return and structural objectives of investors. Investors include experienced institutional investors, family offices and other accredited investors. HHCF specializes in opportunistic capital investments into enterprises engaged in direct lending of non-standard consumer and commercial credit. This segment requires significant expertise and investment in compliance, controls and regulatory oversight. The background of HHCF’s leadership team is uniquely positioned to provide critical oversight of these areas.
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Sources: Company Website, Company Filings, Company Presentations.
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