Purple Innovation faces Nasdaq delisting after failing to regain $1 minimum bid price

Filed May 11, 2026 · Period ending May 5, 2026 · ~1 min read

Key Changes

• high

  Nasdaq will delist Purple's stock on May 14, 2026 unless the company appeals by May 12. The stock has traded below $1.00 per share for over 30 consecutive business days and failed to regain compliance during its 180-day grace period.

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• high

  Purple will appeal the delisting decision and plans a reverse stock split to boost share price above $1.00. The appeal should allow continued Nasdaq trading during the hearing process, but success is not guaranteed.

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• high

  The company is not eligible for a second 180-day compliance extension, meaning standard remediation options are exhausted. Without successful appeal or reverse split, shares would move to over-the-counter markets with reduced liquidity.

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