---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-097436"
form_type: "8-K"
ticker: "PRPL"
cik: "0001643953"
company_name: "Purple Innovation, Inc."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:57:12.742230+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Purple Innovation receives Nasdaq bid-price deficiency notice; 180-day cure period to May 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-097436
- form_type: 8-K
- ticker: PRPL
- cik: 0001643953
- company_name: Purple Innovation, Inc.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643953/000121390024097436/0001213900-24-097436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643953/000121390024097436/ea0221064-8k_purple.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-097436
- JSON: https://secwatch.observer/filing/0001213900-24-097436.json
- Plain text: https://secwatch.observer/filing/0001213900-24-097436.txt

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