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Purple Innovation Inc (PRPL.OQ)

PRPL.OQ on NASDAQ Stock Exchange Capital Market

8.56USD
26 Apr 2018
Change (% chg)

$0.16 (+1.90%)
Prev Close
$8.40
Open
$8.39
Day's High
$8.70
Day's Low
$8.38
Volume
3,646
Avg. Vol
17,097
52-wk High
$13.89
52-wk Low
$7.65

Latest Key Developments (Source: Significant Developments)

Purple Innovation Q4 Revenue Rose 156.1 Percent To $63 Million
Thursday, 15 Mar 2018 

March 15 (Reuters) - Purple Innovation Inc ::PURPLE INNOVATION REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.SEES Q1 2018 REVENUE $53 MILLION TO $56 MILLION.Q4 REVENUE ROSE 156.1 PERCENT TO $63 MILLION.‍FOR 2018, COMPANY EXPECTS NET REVENUES TO APPROXIMATELY DOUBLE FROM 2017 LEVELS​.‍ FOR 2018, EXPECTS ADJUSTED EBITDA TO BE TOWARDS LOWER END OF RANGE ESTABLISHED IN INVESTOR PRESENTATION FILED ON JANUARY 8, 2018​.  Full Article

Purple Innovation Announces CEO Departure
Thursday, 15 Mar 2018 

March 15 (Reuters) - Purple Innovation Inc ::PURPLE INNOVATION ANNOUNCES CEO DEPARTURE.SAYS CEO SAM BERNARDS RESIGNED.TERRY PEARCE WILL SERVE AS INTERIM CEO UNTIL A PERMANENT REPLACEMENT IS FOUND BY BOARD.  Full Article

Purple Innovation Files Shelf For Issuance Of Co's Class A Common Stock
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - Purple Innovation Inc ::PURPLE INNOVATION FILES SHELF FOR ISSUANCE OF 14.2 MILLION SHARES OF CO'S CLASS A COMMON STOCK ISSUABLE UPON EXERCISE OF OUTSTANDING WARRANTS.PURPLE INNOVATION - SHELF ALSO RELATES TO THE RESALE OF ABOUT 6.6 MILLION SHARES OF CO'S CLASS A COMMON STOCK BY SELLING STOCKHOLDERS.  Full Article

Global Partner And Purple Innovation Announce Definitive Agreement With Coliseum Capital Management
Friday, 2 Feb 2018 

Feb 1 (Reuters) - Global Partner Acquisition Corp ::GLOBAL PARTNER ACQUISITION CORP. AND PURPLE INNOVATION, LLC ANNOUNCE DEFINITIVE AGREEMENT WITH COLISEUM CAPITAL MANAGEMENT FOR $65 MILLION OF COMMITTED EQUITY AND DEBT INVESTMENTS.GLOBAL PARTNER ACQUISITION- AGREEMENT WITH COLISEUM CAPITAL FOR COMBINATION BETWEEN GPAC AND PURPLE TO BUY AGGREGATE OF $40 MILLION OF SHARES OF GPAC.GLOBAL PARTNER ACQUISITION CORP SAYS ‍TO MAKE AN ADDITIONAL $25 MILLION INVESTMENT IN PURPLE IN FORM OF UNSECURED DEBT​.  Full Article

Global Partner Acquisition, Purple Innovation Revise Merger Agreement
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Global Partner Acquisition Corp ::GLOBAL PARTNER ACQUISITION CORP AND PURPLE INNOVATION LLC ANNOUNCE REVISED MERGER AGREEMENT.‍AMENDMENT REFLECTS AN UPDATED ENTERPRISE VALUE OF PURPLE OF APPROXIMATELY $500 MILLION​.CO, ‍PURPLE INNOVATION LLC AMENDED DEFINITIVE MERGER AGREEMENT PURSUANT TO WHICH PURPLE WILL BECOME A UNIT OF GPAC​.  Full Article

Global Partner Acquisition and Purple Innovation announce filing of merger proxy statement
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Global Partner Acquisition Corp :Global Partner Acquisition Corp. and Purple Innovation, LLC announce filing of merger proxy statement and updated investor presentation.Global Partner Acquisition Corp - ‍on November 2, entered into a definitive merger agreement to combine with Purple Innovation, LLC​.  Full Article

Global Partner Acquisition Corp and Purple Innovation LLC announce definitive merger agreement
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Global Partner Acquisition Corp :Global Partner Acquisition Corp. and Purple Innovation, LLC announce definitive merger agreement.Global Partner Acquisition - As per deal, Purple will become a subsidiary of co, based on an initial enterprise value of approximately $900 million​.  Full Article

Highbridge Capital Management reports 6.96 pct passive stake in Global Partner Acquisition
Monday, 7 Aug 2017 

Aug 7 (Reuters) - Global Partner Acquisition Corp :Highbridge Capital Management reports 6.96 percent passive stake in Global Partner Acquisition Corp as of July 27, 2017 - SEC filing.  Full Article

Global Partner Acquisition and Purple Innovation LLC enter into LOI
Thursday, 27 Jul 2017 

July 27 (Reuters) - Global Partner Acquisition Corp :Global partner acquisition - co, purple innovation llc entered into loi, pursuant to which purple would become a publicly traded company‍​ - sec filing.Global partner acquisition-gpac, purple intend to enter agreement, pursuant to which gpac would acquire purple based on an enterprise value of $1.1 billion ‍​.Global partner acquisition - purple founders terry and tony pearce to retain majority shareholder position in combined public co.Global partner acquisition - sam bernards to be ceo of combined co.Global partner-to pay part of purchase price to equity holders, anticipated to be about $90 million, remainder to be paid in rollover equity interests in combined co.  Full Article

Global Partner Acquisition receives notice from Sequel Youth and Family Services
Monday, 22 May 2017 

May 22 (Reuters) - Global Partner Acquisition Corp : :Global Partner Acquisition- received notice from Sequel Youth and Family Services, that Sequel terminated agreement, plan of merger,dated Jan 11, 2017.Global Partner Acquisition-termination is as a result of transactions contemplated by merger agreement not being completed on or prior to May 15, 2017.Global Partner Acquisition Corp - intend to continue negotiations with Sequel to complete a business combination with Sequel on new terms.Global Partner Acquisition-if co not completed initial business combination by Aug 4, 2017, co to cease all operations except for purpose of winding up.Global Partner Acquisition- if we have not completed initial business combination by Aug 4, redeem public shares, at per-share price, equal to aggregate amount then on deposit in trust account.Global Partner Acquisition-if not completed initial business combination by Aug 4, co to dissolve, liquidate following redemption,subject to approval.  Full Article

BRIEF-Purple Innovation Files Prospectus Supplement Related To Resale Of 14.2 Million Shares Of Class A Common Stock

* PURPLE INNOVATION FILES PROSPECTUS SUPPLEMENT RELATED TO RESALE OF 14.2 MLN SHARES OF CLASS A COMMON STOCK ISSUABLE UPON EXERCISE OF OUTSTANDING WARRANTS