Purple Innovation faces Nasdaq delisting risk unless shares hold above $1 by July 31
PRPL•Nasdaq delisting risk tied to bid-price compliance
Purple Innovation faces potential Nasdaq delisting unless it restores a closing bid price of at least $1 for 10 consecutive sessions by July 31, 2026.
A Nasdaq hearings panel granted a continued-listing exception on July 20, 2026, pending that bid-price compliance.
A 1-for-25 reverse stock split took effect before trading on July 20, 2026; shares opened split-adjusted at $7.12.
Failure to meet the deadline could trigger delisting, subject to a further appeal to the Nasdaq Listing and Hearing Review Council.
