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Purple Innovation Inc (PRPL.OQ)

PRPL.OQ on NASDAQ Stock Exchange Capital Market

8.16USD
25 Jun 2018
Change (% chg)

$-0.33 (-3.89%)
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$8.49
Open
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Volume
5,969
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15,021
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Latest Key Developments (Source: Significant Developments)

Purple Innovation Q4 Revenue Rose 156.1 Percent To $63 Million
Thursday, 15 Mar 2018 04:06pm EDT 

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 04:05pm EDT 

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 05:12pm EST 

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
Thursday, 1 Feb 2018 07:52pm EST 

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 12:35pm EST 

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
Monday, 6 Nov 2017 07:48pm EST 

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 08:00am EDT 

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 04:22pm EDT 

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 08:11am EDT 

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 09:43am EDT 

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 Q1 Loss Per Share $0.17

* FOR Q2 OF 2018 EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF A LOSS OF $3.0 MILLION TO LOSS OF $1.0 MILLION Source text for Eikon: Further company coverage: