Purple Innovation Faces Delisting Concerns

Ticker: PRPL · Form: 8-K · Filed: 2025-04-07T00:00:00.000Z

Sentiment: bearish

Topics: delisting, listing-standards, compliance

Related Tickers: PRPL

TL;DR

PRPL might get delisted, check the listing rules.

AI Summary

Purple Innovation, Inc. filed an 8-K on April 7, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on April 4, 2025. The company, previously known as Global Partner Acquisition Corp., is incorporated in Delaware and headquartered in Lehi, Utah.

Why It Matters

This filing indicates potential issues with Purple Innovation's compliance with stock exchange listing requirements, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall market perception.

Key Players & Entities

FAQ

What specific listing rule or standard has Purple Innovation, Inc. failed to satisfy?

The filing does not specify the exact rule or standard that Purple Innovation, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.

When was the earliest event reported that led to this 8-K filing?

The earliest event reported was on April 4, 2025.

What was Purple Innovation, Inc.'s former company name?

Purple Innovation, Inc.'s former company name was Global Partner Acquisition Corp.

In which state is Purple Innovation, Inc. incorporated?

Purple Innovation, Inc. is incorporated in Delaware.

What is the address of Purple Innovation, Inc.'s principal executive offices?

The address of Purple Innovation, Inc.'s principal executive offices is 4100 North Chapel Ridge Rd., Suite 200, Lehi, Utah 84043.

From the Filing

0001213900-25-029408.txt : 20250407 0001213900-25-029408.hdr.sgml : 20250407 20250407160536 ACCESSION NUMBER: 0001213900-25-029408 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250404 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20250407 DATE AS OF CHANGE: 20250407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Purple Innovation, Inc. CENTRAL INDEX KEY: 0001643953 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] ORGANIZATION NAME: 04 Manufacturing EIN: 474078206 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37523 FILM NUMBER: 25818147 BUSINESS ADDRESS: STREET 1: 4100 N. CHAPEL RIDGE RD STREET 2: SUITE 200 CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: 801-756-2600 MAIL ADDRESS: STREET 1: 4100 N. CHAPEL RIDGE RD STREET 2: SUITE 200 CITY: LEHI STATE: UT ZIP: 84043 FORMER COMPANY: FORMER CONFORMED NAME: Global Partner Acquisition Corp. DATE OF NAME CHANGE: 20150602 8-K 1 ea0237007-8k_purple.htm 8-K false 0001643953 0001643953 2025-04-04 2025-04-04 0001643953 PRPL:ClassCommonStockParValue0.0001PerShareMember 2025-04-04 2025-04-04 0001643953 PRPL:PreferredStockPurchaseRightsMember 2025-04-04 2025-04-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): April 4, 2025   Purple Innovation, Inc. (Exact Name of Registrant as Specified in its Charter)   Delaware   001-37523   47-4078206 (State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4100 North Chapel Ridge Rd. , Suite 200     Lehi , Utah   84043 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 801 ) 756-2600   N/A  (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share   PRPL   The NASDAQ Stock Market LLC Preferred Stock Purchase Rights   N/A   The NASDAQ Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         ITEM 3.01. NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.   On April 4, 2025, Purple Innovation, Inc. (the “Company”) received written notice from the Listin

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