---
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"
generated_at: "2026-05-22T12:25:06.515526+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Purple expands Mattress Firm presence to 12,000 slots; secures $20M incremental loan and issues 14.6M warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-040151
- JSON: https://secwatch.observer/filing/0001213900-25-040151.json
- Plain text: https://secwatch.observer/filing/0001213900-25-040151.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: initial principal amount of the senior secured term loan facility by $20.0 million
  - Counterparty: Coliseum Capital Partners, L.P.
  - Rate: same rate as the Existing Loan
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390025040151/0001213900-25-040151-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.