{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-056855","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2024-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.398369+00:00","generated_at":"2026-06-01T00:38:22.996282+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Purple Innovation adopts NOL rights plan and proposes charter amendment to protect $238M net operating losses","bullets":["Board declared dividend of one preferred share purchase right per common share, exercisable at $2.75, triggered at 4.9% ownership.","Rights plan expires June 30, 2025; subject to stockholder ratification at special meeting.","Proposed charter amendment voids transfers resulting in ownership >4.9% without board approval; requires stockholder vote.","Company created Series C Junior Participating Preferred Stock with economic equivalent of one share of common stock.","Estimated $238 million in NOLs at risk of limitation under Section 382 if ownership changes occur."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-056855","json":"https://secwatch.observer/filing/0001213900-24-056855.json","markdown":"https://secwatch.observer/filing/0001213900-24-056855.md","text":"https://secwatch.observer/filing/0001213900-24-056855.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024056855/0001213900-24-056855-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024056855/ea0208641-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:38:22.996282+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"}