DelistingOct 5, 2026, 04:01 PM
Purple Innovation Faces Nasdaq Delisting Warning Over Share Value
AI Summary
Purple Innovation, Inc. received a notification from Nasdaq indicating that its Market Value of Publicly Held Shares (MVPHS) has fallen below the $15 million minimum required for continued listing on the Nasdaq Global Select Market. The company has 180 days, until March 29, 2026, to regain compliance by ensuring its MVPHS closes at or above $15 million for ten consecutive business days. Failure to do so could lead to delisting, although the company may appeal or consider transferring to the Nasdaq Capital Market.
Key Highlights
- Purple Innovation received a notice from Nasdaq for failing to meet the minimum Market Value of Publicly Held Shares (MVPHS) requirement.
- The Company's MVPHS has been below the $15 million minimum for 30 consecutive business days.
- Purple Innovation has 180 days (until March 29, 2026) to regain compliance.
- Compliance requires MVPHS to close at $15 million or more for ten consecutive business days.
- Failure to comply may result in delisting, with potential appeal or transfer to Nasdaq Capital Market.
Price Impact
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