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Lehi, Utah, September 19, 2022 /PRNewswire/ — Purple Innovation, Inc. (NASDAQ: PRPL) (“Purple”), the comfort innovation company known for creating the “world’s first No Pressure® mattress,” today announced September 17, 2022 We have received an unsolicited, non-binding offer from Coliseum Capital Management, LLC to acquire all of Purple’s issued capital. $4.35 per share.
Purple’s Board of Directors will carefully consider the proposals to determine a course of action that it believes is in the best interest of Purple and all Purple shareholders.
About purple
Purple is a digitally native vertical brand with a mission to make people’s lives easier through innovative comfort solutions. We design and manufacture a range of innovative and premium branded comfort products including mattresses, pillows, cushions, frames and sheets. Our products are the result of his 30+ years of innovation and investment in developing unique patented comfort technology and unique manufacturing processes. Our proprietary gel technology, Hyper-Elastic Polymer®, underlies many of our comfort products and offers a range of benefits that differentiate our products from those of our competitors. We sell our products through direct-to-consumer online channels, traditional retail partners, third-party online retailers and our own retail showrooms. For more information on Purple, please visit purple.com.
Investor Contact:
Brendon FreyICR
[email protected]
203-682-8200
Source Purple Innovation Co., Ltd.
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