KATAPULT INVESTIGATION: Block & Leviton Is Investigating Katapult Holdings For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Boston, Massachusetts--(Newsfile Corp. - August 19, 2021) - Block & Leviton is investigating Katapult Holdings, Inc. (NASDAQ: KPLT) for potential securities law violations. Investors who have lost money in their Katapult Holdings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/kplt.

What is this all about?

Before the market opened on August 10, 2021, Katapult Holdings announced financial results for the second quarter ended June 30, 2021, including adjusted net income and adjusted EBITDA down 70.4% and 64.8% respectively compared to the second quarter of 2020. Katapult Holdings also pulled its financial guidance for the remainder of 2021, just weeks after having provided guidance to the market shortly after it began trading following a de-SPAC transaction.

On this news, shares of Katapult stock fell 50% in intraday trading.

Who is eligible?

Anyone who purchased Katapult Holdings stock and has lost money as a result of this news may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93791