Purple Innovation gets Nasdaq notice: market value of publicly held shares below $15M minimum

Purple Innovation, Inc.

Nasdaq notified Purple Innovation on Sept 30, 2026 that its Market Value of Publicly Held Shares was below the $15M minimum for 30 consecutive business days.
Company has 180 days, until a compliance date stated as March 29, 2026, to hold MVPHS of $15M or more for at least 10 consecutive business days.
Nasdaq said the notice has no immediate effect on the listing or trading of PRPL Class A common stock on the Nasdaq Global Select Market.
Failure to regain compliance would bring a delisting notice; the company could appeal to a hearings panel or apply to move to the Nasdaq Capital Market.
Report signed by CFO Robert G. Lucian, dated October 5, 2026.

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