{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-023702","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.285727+00:00","generated_at":"2026-05-24T21:22:16.106327+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Purple returns to positive Q4 Adjusted EBITDA; Board starts strategic alternatives review","bullets":["Q4 net revenue $129.0M (-11.6% YoY), net loss $8.5M vs $18.3M loss prior year.","Q4 Adjusted EBITDA $2.9M (first positive quarter in eight); FY24 adjusted EBITDA -$20.8M vs -$54.7M.","Board formed special committee to evaluate strategic alternatives after inbound interest; Jefferies retained as advisor.","Term loan increased by $19M to $80M total commitment; interest may be paid in kind.","FY2025 guidance: revenue $465-$485M, adjusted EBITDA $0-$10M; Q1 revenue $102-$107M, EBITDA $(6)-(9)M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-023702","json":"https://secwatch.observer/filing/0001213900-25-023702.json","markdown":"https://secwatch.observer/filing/0001213900-25-023702.md","text":"https://secwatch.observer/filing/0001213900-25-023702.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025023702/0001213900-25-023702-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025023702/ea0234042-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:22:16.106327+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}