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home / news releases / PRPL - Purple Innovations down 13% prices upsized $60.3M offering

PRPL - Purple Innovations down 13% prices upsized $60.3M offering

Purple Innovation Inc.
  • Comfort innovation company, Purple Innovation ( NASDAQ: PRPL ) prices public offering of 13.4M shares at $4.50 per share.
  • Underwriters have a 30-day option period to purchase up to 2.01M additional shares.
  • Gross proceeds are expected to be $60.3M.
  • Closing expected on February 13, 2023.
  • The company intends to use net proceeds from the offering to discharge outstanding indebtedness.
  • Stock slumps 13% post-market hours.

For further details see:

Purple Innovations down 13%, prices upsized $60.3M offering
Stock Information
Company Name: Purple Innovation Inc.
Stock Symbol: PRPL
Market: NASDAQ
Website: purple.com
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