Purple Innovation, Inc. received a decision from the Nasdaq Hearings Panel granting a request for continued listing, contingent upon the company demonstrating a closing bid price of at least $1.00 per share for ten consecutive trading days by July 31, 2026. To support its compliance plan, the company executed a 1-for-25 reverse stock split effective prior to the market opening on July 20, 2026. Following the split, the common stock opened trading at $7.12 per share. Failure to meet the specified price requirements may result in delisting from the Nasdaq Stock Market. Purple Innovation, Inc. is a technology company specializing in advanced foam products.
