regulatory
confidence high
sentiment negative
materiality 0.75
Purple Innovation receives Nasdaq bid-price deficiency notice; 180-day cure period to May 2025
Purple Innovation, Inc.
- Stock closing bid below $1.00 for 30 consecutive business days as of Nov 11, 2024.
- 180-day compliance period ends May 12, 2025; must close at ≥$1.00 for 10 consecutive days.
- If not cured, may transfer to Nasdaq Capital Market for an additional 180-day period.
- Failure to regain compliance risks delisting; Company can appeal but no guarantee.