{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-020285","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2024-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.955215+00:00","generated_at":"2026-06-05T02:42:30.492225+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Purple Innovation issues 1.5M shares to ACTI holders after stock fails to meet $5.00 threshold","bullets":["Issued 1,500,000 shares of Class A Common Stock to former ACTI securityholders on March 4, 2024.","Triggered by closing price not reaching $5.00 for 10 trading days in a 30-day window ending February 29, 2024.","Shares issued under Section 4(a)(2) exemption for non-public offerings.","Issuance stems from earnout provision in the August 31, 2022 Merger Agreement with ACTI."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-020285","json":"https://secwatch.observer/filing/0001213900-24-020285.json","markdown":"https://secwatch.observer/filing/0001213900-24-020285.md","text":"https://secwatch.observer/filing/0001213900-24-020285.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024020285/0001213900-24-020285-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024020285/ea0201127-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:42:30.492225+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}