Purple Innovation (PRPL) Announces Cooperative Framework with Coliseum Capital

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Go back to Purple Innovation (PRPL) Announces Cooperative Framework with Coliseum Capital

Purple Innovation Announces Cooperative Framework with Coliseum Capital

April 13, 2023 4:05 PM EDT

Company to Welcome New Directors to Board

Adam Gray to Serve as Board Chair

Gary DiCamillo to Continue to Serve as Lead Independent Director

Company Will Redeem Cumulative Voting Proportional Representation Preferred Linked Stock

LEHI, Utah--(BUSINESS WIRE)-- Purple Innovation, Inc. (NASDAQ: PRPL) (Purple or the Company), a comfort innovation company known for creating the World's First No Pressure® Mattress, today announced that it has entered into a binding Memorandum of Understanding to establish a cooperative governance framework (the Planned Cooperation... More