{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-023703","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.285938+00:00","generated_at":"2026-05-24T21:22:28.758490+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Purple Innovation ups term loan by $19M to $80M, grants warrants for 6.2M shares at $1.50","bullets":["Amended credit agreement increases senior secured term loan facility from up to $61M to up to $80M on March 12, 2025.","Issued warrants to purchase 6,229,508 shares of Class A common stock at $1.50 per share to the 2025 Term Loan Lenders.","Incremental loan bears same interest rate as initial loan; fees include 2% of outstanding principal paid in kind.","Entered into Second Amended and Restated Registration Rights Agreement providing for registration of warrants and underlying shares.","Loan Parties may request up to $20M in additional term loans on terms subject to Required Lenders' approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-023703","json":"https://secwatch.observer/filing/0001213900-25-023703.json","markdown":"https://secwatch.observer/filing/0001213900-25-023703.md","text":"https://secwatch.observer/filing/0001213900-25-023703.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/0001213900-25-023703-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/ea0233719-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:22:28.758490+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":[{"claim_id":"27cf2816c1a5d1eda35009502f3ef3251d2d523e","claim":"Purple Innovation, Inc. amended credit facility of increase in the initial principal amount of the senior secured term loan facility by $19.0 million with 2025 Term Loan Lenders at bear interest at the same rate as the Initial Loan.","evidence_excerpt":"The Amendment, among other things, provides for an increase in the initial principal amount of the senior secured term loan facility by $19.0 million (the “Incremental Loan”) from an aggregate principal amount of up to $61.0 million (the “Initial Loan”) to an initial aggregate principal amount of up to $80.0 million (the “Loan”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025023703/0001213900-25-023703-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"increase in the initial principal amount of the senior secured term loan facility by $19.0 million"},{"label":"Counterparty","value":"2025 Term Loan Lenders"},{"label":"Rate","value":"bear interest at the same rate as the Initial Loan"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}