Katapult Holdings, Inc.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in Company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2024. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were effective as of December 31, 2024.

Management’s Report on Internal Control Over Financial Reporting

Management’s Annual Report on Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) and 15(d)-15(f) of the Exchange Act. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Our management, under the supervision and with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024. In making this assessment, management used the framework established in Internal Control — Integrated Framework (2013) issued by COSO. Based on this assessment, management has concluded that the Company’s internal control over financial reporting was effective as of December 31, 2024. Management reviewed the results of its assessment with the Audit Committee of the Board of Directors.

Remediation of a Prior Material Weaknesses

As previously disclosed in Item 9A. Control and Procedures in our Annual Report on Form 10-K for the year ended December 31, 2023, our independent registered public accounting firm identified deficiencies in the design and implementation of our internal control over financial reporting that constituted material weaknesses. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our financial statements will not be prevented or detected on a timely basis.

To address the material weaknesses previously reported, we implemented the following measures:

•Hired more experienced accounting and auditing personnel including key hires such as the Chief Accounting Officer and the Vice President of Internal Audit and brought the internal audit function in-house;

•Implemented processes and controls to ensure that journal entries and reconciliations are prepared and reviewed by the appropriate person with the necessary U.S. GAAP knowledge; and

•Improved documentation of accounting policies and procedures

We completed the documentation and testing of the corrective actions describe above and, as of December 31, 2024, we determined that the remediation measures implemented are sufficient to conclude that the previously disclosed material weaknesses have been remediated as of December 31, 2024.

Attestation Report of the Registered Public Accounting Firm

KATAPULT HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in thousands, except per share data)

This Annual Report on Form 10-K does not include an attestation report of our registered public accounting firm due to an exemption as a smaller reporting company and non-accelerated filer with a public float of less than $75 million as of June 30, 2024.

Changes in Internal Control Over Financial Reporting

Except as disclosed above, there were no changes in our internal control over financial reporting that occurred during the year ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.