PURPLE INNOVATION AND TEMPUR SEALY INTERNATIONAL REACH AGREEMENT [Yahoo! Finance]
Purple Innovation, Inc. (PRPL)
Last purple innovation, inc. earnings: 3/9 04:05 pm
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Source: Yahoo! Finance
LEHI, Utah March 12, 2024 /PRNewswire/ -- 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 settlement agreement with Tempur Sealy International, Inc. ("Tempur Sealy"). The parties have agreed to a post-acquisition framework for Purple's partnership with Mattress Firm Inc. ("Mattress Firm"), the nation's largest mattress specialty retailer, subject to FTC approval of TSI's acquisition of Mattress Firm, and amicably resolved their various intellectual property disputes. Purple is pleased to reaffirm its valid patent and trademark rights in and to its proprietary Hyper-Elastic Polymer® gel material, the key component in Purple's GelFlex® Grid. If the FTC does not object to Tempur Sealy's acquisition of Mattress Firm, Tempur Sealy agrees that Purple will retain its current relationship with Mattress Firm for a minimum of twelve months,
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PRPL
News
- Purple to Report First Quarter 2024 Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Purple to Report First Quarter 2024 Results on May 7, 2024PR Newswire
- Fast-paced Momentum Stock Purple Innovation (PRPL) Is Still Trading at a Bargain [Yahoo! Finance]Yahoo! Finance
- Purple Innovation, Inc. (NASDAQ: PRPL) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $2.50 price target on the stock.MarketBeat
- Purple Innovation, Inc. (NASDAQ: PRPL) had its price target raised by analysts at Wedbush from $1.25 to $2.25. They now have an "outperform" rating on the stock.MarketBeat
PRPL
Earnings
- 3/12/24 - Beat
PRPL
Sec Filings
- 4/25/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- PRPL's page on the SEC website