Domino s Pizza (NYSE:DPZ).
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This video was recorded on May 13, 2021.
Chris Hill: It s Thursday, May 13th. Welcome to
MarketFoolery. I m Chris Hill. With me today, Asit Sharma. Good to see you.
Asit Sharma: Good to see you, Chris, I am really excited to join you today because when you gave me the lineup of stocks you were interested in, I got stories behind almost all these. [laughs]
Checking In on Casper Sleep, Yeti, and Domino s Pizza fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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LEHI, Utah, May 18, 2021 /PRNewswire/ Purple Innovation, Inc. (NASDAQ: PRPL) ( Purple or the Company ), a leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced the pricing of an underwritten secondary public offering of 7,308,792 shares of its Class A common stock to be sold by Coliseum Capital Partners, L.P., Coliseum Co-Invest Debt Fund, L.P., Blackwell Partners LLC – Series A, and Coliseum Capital Co-Invest III, L.P. (collectively, the Selling Stockholders ). The shares of Class A common stock are being sold at a price of $30.00 per share. The underwriters have a 30-day option period to purchase up to 1,096,318 additional shares of Class A common stock from the Selling Stockholders at the same price per share. The offering is expected to close on May 21, 2021, subject to customary closing conditions.
Shares of mattress maker Purple Innovation (NASDAQ:PRPL) tumbled out of bed Wednesday, falling nearly 10% early in the morning, and are still down 8.9% as of 11 a.m. EDT.
Its own shareholders are to blame.
Image source: Getty Images.
So what
Last night, Purple Innovation announced that certain selling shareholders Coliseum Capital Partners, L.P.; Coliseum Co-Invest Debt Fund, L.P.; Blackwell Partners LLC – Series A; and Coliseum Capital Co-Invest III, L.P. plan to sell at least 7.3 million, and potentially as many as 8.4 million shares of common stock in a secondary offering. The shareholders will price their shares at $30 each 7.1% below yesterday s closing price aiming to cash out $252 million.