Purple Innovation Inc PRPL shares are trading lower in Thursday's after-hours session after the company proposed a $65 million underwritten public offering.
The underwriter will have a 30-day option period to purchase up to 15% additional shares of common stock from Purple Innovation. BofA Securities is acting as the sole underwriter for the offering.
Purple Innovation is a comfort innovation company that designs, manufactures and sells a range of comfort technology offerings, including mattresses, pillows, cushions, sheets, bed platforms and other products.
PRPL 52-Week Range: $5.05 - $36.44
The stock was down 7.45% in after hours trading at $6.34 at press time.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
