Purple Innovation (PRPL) Announces Proposed 7.309M Share Secondary Offering

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Go back to Purple Innovation (PRPL) Announces Proposed 7.309M Share Secondary Offering

Purple Innovation, Inc. Announces Launch of Secondary Public Offering of Class A Common Stock

May 18, 2021 4:35 PM EDT

LEHI, Utah, May 18, 2021 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple" or the "Company"), a leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced the launch of an underwritten secondary public offering of 7,308,792 shares of its Class A common stock to be sold by Coliseum Capital Partners, L.P., Coliseum Co-Invest Debt Fund, L.P., Blackwell Partners LLC Series A, and Coliseum Capital Co-Invest III, L.P. (collectively, the "Selling Stockholders"). The underwriters have a 30-day option period to purchase up to 1,096,318 additional shares of Class A common stock from the Selling Stockholders.

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