Purple Innovation Announces Cooperative Framework with Coliseum Capital
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
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 Agreement") with Coliseum Capital Management, LLC (together with its managed funds and accounts, "Coliseum"), the largest stockholder of the Company o
