MarketPR
(NASDAQ: PRPL) received a notification from The Nasdaq Stock Market LLC on September 30, 2026, indicating that the company failed to meet continued listing standards for the Nasdaq Global Select Market.
The Listing Qualifications Department of Nasdaq informed the company that its Market Value of Publicly Held Shares (MVPHS) remained below the required minimum for the preceding 30 consecutive business days.
This noncompliance is attributed to Nasdaq Listing Rules 5450(b)(2)(C) and 5450(b)(3)(C), which mandate a minimum MVPHS of $15 million.
The notification does not result in an immediate change to the listing or trading of Purple Innovation's Class A common stock.
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