secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001213900-24-097436
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390024097436/0001213900-24-097436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390024097436/ea0221064-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-097436

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