secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2025-04-07T23:59:59+00:00
Accession:  0001213900-25-029408
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Purple Innovation receives Nasdaq deficiency notice for bid price below $1.00
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- Received Nasdaq notice on April 4, 2025 for non-compliance with minimum bid price rule 5450(a)(1).
- Closing bid price below $1.00 per share for 30 consecutive business days triggered the notice.
- Company has 180 calendar days, until October 1, 2025, to regain compliance with a $1.00 minimum bid for 10 consecutive days.
- If not cured, may transfer to Nasdaq Capital Market for an additional 180-day period, subject to other listing standards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390025029408/0001213900-25-029408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390025029408/ea0237007-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-029408

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