SplitJul 16, 2026, 08:47 AM
Purple Innovation Announces 1-for-25 Reverse Stock Split
AI Summary
Purple Innovation, Inc. announced the implementation of a 1-for-25 reverse stock split, previously approved by stockholders. The Certificate of Amendment was filed on July 16, 2026, with the split becoming effective at 11:59 pm Eastern Time on July 19, 2026. The company's common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market starting July 20, 2026, under a new CUSIP number.
Key Highlights
- Stockholders approved a reverse stock split at a ratio of not less than 1-for-10 and not greater than 1-for-30 on July 2, 2026.
- Board of directors approved a 1-for-25 reverse stock split on July 7, 2026.
- Certificate of Amendment filed on July 16, 2026, effective at 11:59 pm ET on July 19, 2026.
- Shares will begin trading on a split-adjusted basis on Nasdaq Global Select Market on July 20, 2026.
- Every 25 shares of Class A and Class B common stock will convert into one share.
- Fractional shares will be rounded up to the next whole number.
- Approximately 4,353,026 Class A and 6,522 Class B shares will be outstanding post-split.
- New CUSIP number for Class A common stock will be 74640Y304, effective July 20, 2026.
Price Impact
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