{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-040151","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.176217+00:00","generated_at":"2026-05-22T12:25:06.515526+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Purple expands Mattress Firm presence to 12,000 slots; secures $20M incremental loan and issues 14.6M warrants","bullets":["Expands Mattress Firm slots from ~5,000 to minimum 12,000; expects ~$70M incremental net revenue starting 2026.","Secures $20M incremental term loan (total $100M); issues 6.56M loan warrants at $1.50 strike.","Grants 8.0M warrants to SGI at $1.50; Sherwood gets exclusive assembly rights for certain product lines sold to Mattress Firm.","Warrants expire March 12, 2035; registration rights require S-1 filing by May 30 or June 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-040151","json":"https://secwatch.observer/filing/0001213900-25-040151.json","markdown":"https://secwatch.observer/filing/0001213900-25-040151.md","text":"https://secwatch.observer/filing/0001213900-25-040151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025040151/0001213900-25-040151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025040151/ea0240941-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T12:25:06.515526+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":"1cca293b829d55ba46e7b6f32509d0dbd6e7a6f4","claim":"Purple Innovation, Inc. amended credit facility of initial principal amount of the senior secured term loan facility by $20.0 million with Coliseum Capital Partners, L.P. at same rate as the Existing Loan.","evidence_excerpt":"provides for a commitment increase pursuant to Section 2.18 of the Amended A&R Credit Agreement in the initial principal amount of the senior secured term loan facility by $20.0 million (the “Second Incremental Loan”) from an aggregate principal amount of up to $80.0 million (the “Existing Loan”) to an initial aggregate principal amount of up to $100.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025040151/0001213900-25-040151-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"initial principal amount of the senior secured term loan facility by $20.0 million"},{"label":"Counterparty","value":"Coliseum Capital Partners, L.P."},{"label":"Rate","value":"same rate as the Existing 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"}