Material Event (Form 8-K)

ITEM 8.01. OTHER EVENTS.

On September 8, 2025, Purple Innovation, Inc. (the "Company") received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("Nasdaq") that the Company that it had regained compliance with Listing Rule 5450(a)(1) ("Bid Price Rule"). As previously reported, the Company was notified on April 4, 2025, that it had fallen out of compliance with the Bid Price Rule, because its common stock failed to maintain the required minimum bid price of $1.00 per share for a period of 30 consecutive business days. Since then, the Nasdaq staff determined that the closing bid price of the Company's common stock was at or above the $1.00 minimum price per share for a period of ten consecutive business days, from August 22, 2025, to September 5, 2025.