Katapult Holdings, Inc. filed a current report on September 4, 2026, disclosing its Audit Committee's dismissal of Grant Thornton LLP and appointment of Elliott Davis, PLLC as its independent registered public accounting firm, both effective September 2, 2026.

Key Highlights

  • Auditor dismissed: The Audit Committee approved the dismissal of Grant Thornton LLP as independent registered public accounting firm, effective immediately on September 2, 2026.
  • New auditor appointed: Elliott Davis, PLLC was engaged as the replacement independent registered public accounting firm, also effective September 2, 2026.
  • Going concern paragraphs: Grant Thornton's audit reports for fiscal years ended December 31, 2025 and December 31, 2024 each included an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern.
  • Prior material weaknesses remediated: The company previously disclosed material weaknesses in internal controls over financial reporting relating to personnel with appropriate U.S. GAAP knowledge and controls over journal entries, which it concluded had been remediated as of December 31, 2024.
  • Business combination context: Elliott Davis previously served as auditor for CCFI (since 2020) and Aaron's (since 2024), both of which became wholly owned subsidiaries of Katapult following a business combination completed August 11, 2026.
  • No auditor disagreements: According to the filing, there were no disagreements with Grant Thornton on accounting principles, financial statement disclosure, or auditing scope during the covered periods.

Katapult Holdings Changes Auditors Following August 2026 Business Combination

Katapult Holdings, Inc. (NASDAQ:KPLT), a Delaware-incorporated company headquartered at 400 Galleria Parkway SE, Suite 300, Atlanta, GA, disclosed the auditor change under Item 4.01 of its current report. The Audit Committee of the Board of Directors approved both the dismissal of Grant Thornton LLP and the engagement of Elliott Davis, PLLC on September 2, 2026. Chief Financial Officer Russell Falkenstein signed the filing on September 4, 2026.

According to the filing, Grant Thornton's audit reports for the two fiscal years ended December 31, 2025 and December 31, 2024 "did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles," with the exception that each report included an explanatory paragraph expressing substantial doubt about the company's ability to continue as a going concern. The filing also states that, beyond the previously disclosed material weaknesses in internal controls, there were no reportable events during the covered period.

The appointment of Elliott Davis is tied directly to the company's business combination with CCF Holdings LLC and Aaron's Intermediate Holdco, Inc., which closed on August 11, 2026. Both entities are now wholly owned subsidiaries of Katapult Holdings. Elliott Davis had served as independent auditor for CCF Holdings since 2020 and for Aaron's since 2024, and in those capacities rendered audit opinions incorporated into the company's regulatory filings. The filing states that Elliott Davis was not consulted by Katapult regarding accounting principles or audit opinions prior to its appointment as the company's auditor.

What Was Disclosed

Katapult Holdings disclosed the dismissal of Grant Thornton LLP and appointment of Elliott Davis, PLLC as its independent registered public accounting firm, both effective September 2, 2026, following its August 11, 2026 business combination with CCF Holdings LLC and Aaron's Intermediate Holdco, Inc.