Katapult (NASDAQ:KPLT) has announced a definitive all-stock agreement to merge with Aaron’s and CCF Holdings, forming a leading omni-channel financial solutions and retail platform aimed at serving non-prime consumers.
The combined company expects to generate more than $4 billion in pro forma last twelve months (LTM) revenue and approximately $450 million in pro forma LTM Adjusted EBITDA as of Q3 2025.
With over 7 million recently served customers and approximately 3,000 retail touchpoints, the merger positions the new entity as a major player in the non-prime consumer space.
Upon completion of the transaction, Katapult stockholders will own 6% of the combined company, which will continue trading under the KPLT ticker and be headquartered in Atlanta.
The merger, expected to close in the first half of 2026, is subject to customary stockholder and regulatory approvals.