{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-088161","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2024-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.078776+00:00","generated_at":"2026-05-30T13:45:02.377012+00:00","sec_items":["3.03","5.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Purplex stockholders approve NOL charter amendment and rights plan to protect $238M tax assets","bullets":["Stockholders ratified NOL Rights Plan and approved charter amendment to restrict transfers exceeding 4.9% ownership threshold.","NOL carryforwards of approximately $238 million protected under Section 382 to avoid ownership change limitations.","Vote results: 71,911,076 for charter amendment, 71,896,005 for rights plan ratification; fewer than 6.1 million against each.","Amendment voids prohibited transfers, requiring excess shares to be sold by the transfer agent in arm's-length transactions.","Rights plan triggers significant dilution for any acquirer exceeding the 4.9% (or applicable) ownership threshold."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-088161","json":"https://secwatch.observer/filing/0001213900-24-088161.json","markdown":"https://secwatch.observer/filing/0001213900-24-088161.md","text":"https://secwatch.observer/filing/0001213900-24-088161.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024088161/0001213900-24-088161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024088161/ea0217250-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:45:02.377012+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":"7f6183ab0764bbde8236e68eaee755b34d8fdf4f","claim":"Purple Innovation, Inc.: Amended certificate of incorporation to restrict transfers of common stock to protect net operating loss carryforwards (effective 2024-10-15).","evidence_excerpt":"On October 15, 2024, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) after, on October 15, 2024, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation (an “NOL Charter Amendment”) at the Company’s Special Meeting of Stockholders.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024088161/0001213900-24-088161-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-10-15"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}