secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001193125-23-032879
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purple Innovation prices upsized public offering of 13.4M shares at $4.50, raising $60.3M gross
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- Underwritten public offering of 13.4M shares at $4.50/share; gross proceeds expected $60.3M.
- Net proceeds to repay ~$24.7M outstanding term loan and for working capital/general corporate purposes.
- Coliseum, holding ~44.5% voting power, may buy up to 1.61M shares in concurrent private placement at same price.
- Offering expected to close Feb 13, 2023; underwriters have 30-day option for additional 2.01M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000119312523032879/0001193125-23-032879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000119312523032879/d458708d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-032879

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