{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-032859","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.974377+00:00","generated_at":"2026-06-19T18:03:52.691934+00:00","sec_items":["2.02","5.02","8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Purple Innovation reports $41.8M cash; amendment requires $40M equity raise","bullets":["Preliminary Dec 31, 2022 cash on hand ~$41.8M; term loan balance ~$24.7M as of Feb 8, 2023.","Amendment to 2020 Credit Agreement agreed in principle, contingent on paying off term loan and raising ≥$40M in equity.","Amendment waives leverage and fixed charge coverage covenants for Q1 and Q2 2023, sets EBITDA minimums.","Director Dawn Zier will not stand for reelection at 2023 annual meeting, citing other commitments; no disagreement with company.","Company experienced a 2022 spear-phishing attack; expects costs up to $250,000."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-032859","json":"https://secwatch.observer/filing/0001193125-23-032859.json","markdown":"https://secwatch.observer/filing/0001193125-23-032859.md","text":"https://secwatch.observer/filing/0001193125-23-032859.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000119312523032859/0001193125-23-032859-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000119312523032859/d389586d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:03:52.691934+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f11afe2330","claim":"Dawn Zier departed as director at Purple Innovation, Inc..","evidence_excerpt":"On February 9, 2023, Dawn Zier, a member of the Company’s board of directors since November 2020, notified the Company of her decision to not stand for reelection at the Company’s 2023 annual meeting of stockholders, in order to prioritize her time to other commitments.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000119312523032859/0001193125-23-032859-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for reelection"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}