---
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"
generated_at: "2026-05-30T13:45:02.377012+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Purplex stockholders approve NOL charter amendment and rights plan to protect $238M tax assets

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-088161
- JSON: https://secwatch.observer/filing/0001213900-24-088161.json
- Plain text: https://secwatch.observer/filing/0001213900-24-088161.txt

## Key facts
- Governance Changes
  Purple Innovation, Inc.: Amended certificate of incorporation to restrict transfers of common stock to protect net operating loss carryforwards (effective 2024-10-15).
  - Change: charter amendment
  - Effective: 2024-10-15
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390024088161/0001213900-24-088161-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.