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KPLT LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Katapult Holdings, Inc. Shareholders

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New York, New York--(Newsfile Corp. - September 2, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Katapult Holdings, Inc. (NASDAQ: KPLT).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/katapult-holdings-inc-loss-submission-form/?id=19321&from=5

Affected shareholders purchased shares of KPLT between December 18, 2020 and August 10, 2021

Shareholders interested in representing the class of wronged shareholders have until October 26, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Katapult Holdings, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Katapult was experiencing declining e-commerce retail sales and consumer spending, (2) despite Katapult's assertions that it was clear and compelling value proposition to both consumers and merchants, transforming the way nonprime consumers shop for essential goods and enabling merchant access to this underserved segment, Katapult lacked visibility into its consumers' future buying behavior; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95419