Purple Innovation (PRPL) Announces $65M Share Offering

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Go back to Purple Innovation (PRPL) Announces $65M Share Offering

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

March 24, 2022 4:01 PM EDT

LEHI, Utah, March 24, 2022 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple" or the "Company"), a comfort innovation company known for creating the "World's First No Pressure® Mattress, with its proprietary GelFlex Grid," today announced it intends to sell $65 million of Class A common stock , in an underwritten public offering. The underwriter has a 30-day option period to purchase up to 15% additional shares of Class A common stock from the Company.

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