Item 8.01 Other Events.
On
October 18, 2024, Karat Packaging Inc. (the "Company") discovered unauthorized third-party access to its information systems. Upon detecting the incident, the Company activated its
cybersecurity response plan to investigate the scope of the incident and to contain the threat. The Company
has also notified federal law enforcement.
The
Company's investigation of the incident remains ongoing. Based on the Company's current knowledge of the facts and circumstances related
to this incident, the Company believes that this incident is not material, and this incident has not disrupted the Company's business operations. Should any of the relevant facts and circumstances substantively
change, the Company will reassess materiality considerations in accordance with