Purple Innovation, Inc. (PRPL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PRPL currently has 108M outstanding shares. with significant dilution risk as 242M authorized shares could dilute existing holders by 223.5%. The company has minimally diluted shareholders by 1.26% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 28, 2026 |
10-Q filing | 108.4M shares outstanding |
110M | 240M |
| May 23, 2025 |
S-3 filing: This prospectus relates to the resale of 40,786,885 warrants to acquire shares of Class A Common Stock, the resale of 51,855,291 shares of Class A Common Stock, and the issuance of 40,786,885 shares of Class A Common Stock upon the exercise of the Warrants. |
110M | 240M |
| May 06, 2025 |
8-K filing: Purple Innovation, Inc. issued warrants to purchase 6,557,377 shares of Class A common stock to the Second Amendment Term Loan Lenders and 8,000,000 shares of Class A common stock to SGI, both at an exercise price of $1.50 per share. |
110M | 69M |
| May 06, 2025 |
10-Q filing | 107.6M shares outstanding |
110M | 69M |
| Mar 14, 2025 |
10-K filing | 107.3M shares outstanding |
110M | 69M |
| Mar 13, 2025 |
8-K filing: Purple Innovation, Inc. amended its credit agreement, increasing the term loan facility by $19.0 million and issuing warrants to purchase 6,229,508 shares of Class A Stock at $1.50 per share to the 2025 Term Loan Lenders. |
110M | 69M |
| Nov 04, 2024 |
10-Q filing | 107.5M shares outstanding |
110M | 69M |
| Aug 05, 2024 |
10-Q filing | 107.5M shares outstanding |
110M | 69M |
| May 31, 2024 |
S-3/A filing: This S-3/A filing registers for resale (i) 71,855,291 shares of Class A Common Stock held by selling stockholders, (ii) 20,000,000 warrants to acquire shares of Class A Common Stock by selling warrantholders, and (iii) 20,000,000 shares of Class A Common Stock issuable upon the exercise of resold warrants. |
110M | 70M |
| May 07, 2024 |
10-Q filing | 106.0M shares outstanding |
110M | 70M |
| Mar 21, 2024 |
S-3 filing: This is an S-3 filing for the resale of 71,855,291 shares of Class A Common Stock, 20,000,000 warrants to purchase shares of Class A Common Stock and 20,000,000 shares of Class A Common Stock issuable upon exercise of resold warrants. |
100M | 72M |
| Mar 12, 2024 |
10-K filing | 103.9M shares outstanding |
100M | 0 |
| Mar 06, 2024 |
8-K filing: Purple Innovation, Inc. issued 1,500,000 shares of Class A Common Stock to the securityholders of ACTI on March 4, 2024, because a price condition in the Merger Agreement was not met. |
110M | 0 |
| Jan 23, 2024 |
8-K filing: Purple Innovation, Inc. entered into an Amended and Restated Credit Agreement providing $61.0 million in debt financing and issued warrants to purchase 20,000,000 shares of Class A Stock at $1.50 per share to the lenders. |
110M | 0 |
| Nov 15, 2023 |
10-Q filing | 105.3M shares outstanding |
110M | 0 |
| Aug 09, 2023 |
10-Q filing | 105.3M shares outstanding |
110M | 0 |
| May 10, 2023 |
10-Q filing | 105.1M shares outstanding |
110M | 0 |
| Mar 22, 2023 |
10-K filing | 104.9M shares outstanding |
100M | 0 |
| Feb 14, 2023 |
8-K filing: Purple Innovation, Inc. designated a new series of preferred stock called Proportional Representation Preferred Linked Stock (PRPLS) and declared a dividend of one one-hundredth (0.01) of a share of PRPLS on each share of the Company's Class A and Class B common stock outstanding as of February 24, 2023. Each PRPLS will carry 10,000 votes and will be transferable only in connection with the transfer of the underlying shares of Common Stock. |
86M | 0 |
| Jan 27, 2023 |
S-3/A filing: Purple Innovation, Inc. files an S-3/A form on 2023-01-27 to offer a combination of Class A Common Stock, Preferred Stock, Debt Securities, and Subscription Rights, up to an aggregate amount of $90,000,000. |
86M | 0 |
| Dec 27, 2022 |
S-3 filing: Purple Innovation, Inc. files an S-3 form for a shelf offering of Class A Common Stock, Preferred Stock, Debt Securities and Subscription Rights, with a total proposed amount of $90,000,000. |
86M | 0 |
| Nov 09, 2022 |
10-Q filing | 86.1M shares outstanding |
86M | 0 |
| Sep 01, 2022 |
8-K filing: Purple Innovation, Inc. entered into a Merger Agreement with Advanced Comfort Technologies, Inc. (ACTI) on August 31, 2022, resulting in ACTI becoming a wholly-owned subsidiary of Purple Innovation, and ACTI securityholders received 8,000,000 shares of Purple Innovation Class A Common Stock, with a potential for an additional 1,500,000 shares based on stock performance. |
83M | 0 |
| Aug 09, 2022 |
10-Q filing | 82.7M shares outstanding |
83M | 0 |
| May 10, 2022 |
10-Q filing | 82.6M shares outstanding |
83M | 0 |
| Mar 22, 2022 |
S-3/A filing: Purple Innovation, Inc. may offer and sell any combination of Class A Common Stock, Preferred Stock, Debt Securities and Subscription Rights up to an aggregate amount of $100,000,000. |
66M | 0 |
| Mar 16, 2022 |
S-3 filing: Purple Innovation, Inc. may offer and sell from time to time, in one or more series or issuances any combination of Class A Common Stock, Preferred Stock, Debt Securities and Subscription Rights up to an aggregate amount of $100,000,000. |
66M | 0 |
| Mar 01, 2022 |
10-K filing | 65.9M shares outstanding |
66M | 0 |
| Nov 09, 2021 |
10-Q filing | 66.3M shares outstanding |
66M | 0 |
| Aug 09, 2021 |
10-Q filing | 66.3M shares outstanding |
66M | 0 |
| May 17, 2021 |
10-Q filing | 64.6M shares outstanding |
65M | 0 |
| Mar 11, 2021 |
10-K filing | 66.3M shares outstanding |
66M | 0 |
| Dec 03, 2020 |
8-K filing: Purple Innovation, Inc. reports that approximately 10,900,000 Public Warrants were exercised for approximately 3,400,000 shares of Class A common stock and all Incremental Warrants were exercised; 184,000 Public Warrants were redeemed; after the redemption, as of December 2, 2020, the Company had outstanding approximately 63,877,000 shares of Class A common stock, approximately 568,000 shares of Class B common stock, and approximately 8,500,000 Sponsor Warrants. |
64M | 0 |
| Nov 10, 2020 |
10-Q filing | 53.8M shares outstanding |
54M | 0 |
| Sep 09, 2020 |
S-3/A filing: This S-3/A filing relates to the resale of 11,826,087 shares of Class A Common Stock by a selling stockholder, with an option for the underwriter to purchase an additional 1,773,913 shares. |
18M | 16M |
| Sep 08, 2020 |
S-3/A filing: This S-3/A filing relates to the resale of 11,826,087 shares of Class A Common Stock by the selling stockholder, with the underwriter having an option to purchase an additional 1,773,913 shares. The filing also discusses warrants and potential cashless exercises. |
18M | 16M |
| Aug 31, 2020 |
S-3 filing: This S-3 filing relates to the resale of 11,740,000 shares of Class A Common Stock by the selling stockholder. |
18M | 14M |
| Aug 14, 2020 |
10-Q filing | 17.5M shares outstanding |
18M | 2.6M |
| May 12, 2020 |
S-3/A filing: This S-3/A filing describes the resale of 9,000,000 shares of Class A Common Stock by a selling stockholder, with an option for underwriters to purchase an additional 1,350,000 shares. |
30M | 0 |
| May 11, 2020 |
10-Q filing | 30.3M shares outstanding |
30M | 31K |
| Mar 10, 2020 |
S-3 filing: This S-3 filing relates to the resale of 18,000,000 shares of Class A Common Stock by a selling stockholder and the potential issuance of warrants to purchase 2.6 million shares of Class A Common Stock. |
9.7M | 21M |
| Mar 09, 2020 |
10-K filing | 9.7M shares outstanding |
9.7M | 0 |