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Purple Innovation Inc
4100 N. Chapel Ridge Rd, Suite 200
Phone: (801) 756-2600p:801 756-2600 LEHI, UT  84043  United States Ticker: PRPLPRPL

On April 28, 2021, the Audit Committee of the Board of Directors of Purple Innovation Inc, after considering the recommendations of management, concluded that the company’s previously issued audited financial statements as of and for the years ended December 31, 2020 and 2019 and previously issued unaudited financial statements for the periods ended September 30, 2020 and 2019, June 30, 2020 and 2019, and March 31, 2020 and 2019 should not be relied upon due to required corrections related to the accounting for warrants. The company reevaluated its accounting for its public warrants and private placement warrants issued in connection with the company’s initial public offering and determined that they should be treated as derivative liabilities pursuant to ASC 815-40 rather than as components of stockholders’ equity as the company previously treated the warrants.

Business Summary
Purple Innovation, Inc., formerly Global Partner Acquisition Corp., is a comfort technology company. The Company offers a range of mattresses, seat cushions, pillows, platform base, sheets, mattress protectors and powerbase products using its Hyper-Elastic Polymer technology. The Company provides its mattresses under the brand No Pressure. The Company provides various types of cushions, such as Everywhere Purple cushion, Portable Purple cushion, Royal Purple cushion, Purple Back cushion, Ultimate Purple cushion and Simple Purple cushion. The Company has manufacturing sites in Alpine and Grantsville, Utah.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202012/31/2020YesYes--Yes

Industries
SIC Code Description
5712 Furniture stores

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board Paul J.Zepf 56 12/1/2020
Chief Executive Officer, Director Joseph B.Megibow 52 10/1/2018 10/1/2018
Chief Financial Officer, Treasurer Craig L.Phillips 54 10/1/2019 3/16/2019
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Purple Innovation, LLC 123 E 200 North Alpine UT United States

Business Names
Business Name
GPAC
GPACU
PRPL
Purple Innovation, LLC

General Information
Number of Employees: 1,600 (As of 3/8/2021)
Outstanding Shares: 66,727,849 (As of 3/8/2021)
Shareholders: 38
Stock Exchange: NASD
Federal Tax Id: 474078206
Fax Number: (302) 655-5049


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Tuesday, May 11, 2021