---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-054487"
form_type: "8-K"
ticker: "PRPL"
cik: "0001643953"
company_name: "Purple Innovation, Inc."
filed_at: "2026-05-11T20:15:35+00:00"
generated_at: "2026-05-11T20:17:32.555915+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Purple Innovation receives Nasdaq delisting determination; will appeal by May 12

## Summary
- Nasdaq notified Purple on May 5, 2026 that it failed to regain compliance with the $1.00 minimum bid price rule.
- Cure period ended May 4, 2026; company not eligible for a second 180-day period.
- Delisting scheduled for May 14, 2026 unless appeal is requested by May 12, 2026.
- Company plans to appeal and request a hearing before the Nasdaq Hearings Panel.
- Expects stock to trade pending hearing; plans to effect a reverse stock split to regain compliance.

## SEC filing metadata
- accession: 0001213900-26-054487
- form_type: 8-K
- ticker: PRPL
- cik: 0001643953
- company_name: Purple Innovation, Inc.
- filed_at: 2026-05-11T20:15:35+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643953/000121390026054487/0001213900-26-054487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643953/000121390026054487/ea0290110-8k_purple.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-054487
- JSON: https://secwatch.observer/filing/0001213900-26-054487.json
- Plain text: https://secwatch.observer/filing/0001213900-26-054487.txt

## Key facts
- Listing & Compliance Notices
  Purple Innovation, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: May 5, 2026, Purple Innovation, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as notified by Nasdaq on November 5, 2025, the bid price of the Company’s Class A common stock had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until May 4, 2026, to regain compliance with the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390026054487/0001213900-26-054487-index.htm

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