Katapult Holdings Approves $400,000 Retention Award for Executive Amid Merger

Reuters
2026.01.12 16:29
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Katapult Holdings Inc. has approved a $400,000 retention award for President Derek Medlin in connection with pending mergers. The award will be disbursed in three installments: $80,000 on January 9, 2026, $160,000 at the merger closing, and $160,000 six months post-closing, contingent on Medlin's employment. Additionally, interim Chief Accounting Officer Mr. Goss will receive a $5,000 monthly stipend for six months.