LEHI, Utah, Nov. 20, 2020 /PRNewswire/ -- Purple
Innovation, Inc. (NASDAQ: PRPL) ("the Company"), the leader in
comfort innovation and the creator of the renowned Purple®
Mattress, announced today that as of November 19, 2020, approximately 9,828,000 Public
Warrants and all of the Incremental Loan Warrants had been
exercised since October 27, 2020.
As previously announced, on October 27,
2020, the Company provided notice to the holders of the
Public Warrants and the Incremental Loan Warrants that their
warrants will be redeemed in accordance with the terms of such
warrants on November 30, 2020.
As a courtesy, the Company would like to remind any remaining
holders of Public Warrants that if the remaining
approximately 1,229,000 Public Warrants are not exercised
prior to November 30, 2020, they will
be redeemed on that date at the redemption price of $0.01 per warrant.
Questions concerning redemption and exercise of such public
warrants can be directed to Philadelphia Stock Transfer at
email@example.com or (866) 223-0448.
Purple is a digitally-native vertical brand with a mission
to help people feel and live better through innovative comfort
solutions. We design and manufacture a variety of innovative,
premium, branded comfort products, including mattresses, pillows,
cushions, frames, sheets and more. Our products are the result of
over 25 years of innovation and investment in proprietary and
patented comfort technologies and the development of our own
manufacturing processes. Our proprietary gel technology,
Hyper-Elastic Polymer®, underpins many of our comfort products and
provides a range of benefits that differentiate our offerings from
other competitors' products. We market and sell our products
through our direct-to-consumer online channels, traditional retail
partners, third-party online retailers and our owned retail
showrooms. For more information on Purple,
Purple Innovation, Inc.
Director of Purple Communications
View original content to download
SOURCE Purple Innovation, Inc.