# Purple Innovation, Inc. (PRPL) — delisting/forced [announced]
Source: SEC API (secapi.ai) · situation sit_2496a4314deaf0f8e022 · retrieved 2026-08-11T16:14:36.053Z

## Overview
Purple Innovation, Inc. is a household furniture manufacturer (SIC 2510) that designs and sells mattresses and related sleep products.

Purple Innovation, Inc. received a written decision from the Nasdaq Hearings Panel on July 20, 2026, granting the company's request for continued listing on Nasdaq, subject to demonstrating compliance with the bid price rule by July 31, 2026 by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days. In connection with its compliance plan, the company's stockholders approved a reverse stock split at a ratio within a range of 1-for-10 to 1-for-30, which the Board subsequently fixed at 1-for-25. The reverse stock split became effective prior to the opening of trading on July 20, 2026, and the company's common stock opened trading on a split-adjusted basis at $7.12 per share on that date.

## Terms
- Counterparty: The Nasdaq Stock Market LLC · Price/share: $7.12

## Key dates
- Announced 2026-07-22 · Expiry 2026-07-31 · Expected close 2026-07-31

## Timeline
- 2026-07-22 · 8-K (0001213900-26-080265): 8-K - Purple Innovation, Inc. — *Purple Innovation, Inc. is a household furniture manufacturer (SIC 2510) that designs and sells mattresses and related sleep products.* Purple Innovation, Inc. received a written decision from the Nasdaq Hearings Panel on July 20, 2026, granting the company's request for continued listing on Nasdaq, subject to demonstrating compliance with the bid price rule by July 31, 2026 by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days. In connection with its compliance plan, the company's stockholders approved a reverse stock split at a ratio within a range of 1-for-10 to 1-for-30, which the Board subsequently fixed at 1-for-25. The reverse stock split became effective prior to the opening of trading on July 20, 2026, and the company's common stock opened trading on a split-adjusted basis at $7.12 per share on that date.
  https://www.sec.gov/Archives/edgar/data/1643953/0001213900-26-080265.txt

## Citations
- 0001213900-26-080265 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080265