These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Feb. 9 through Feb. 15, 2023. Source: VerityData
Coliseum Capital raised its stake in the mattress and bedding retailer to 46,814,450 shares. In mid-January, Purple’s board rejected Coliseum’s bid to acquire the company for $4.35 per share in cash. Coliseum soon responded that it would probably seek board representation. On Feb. 13, Coliseum made good on its intention, choosing five nominees for election to Purple’s board at the upcoming 2023 shareholders meeting. Coliseum also revealed the purchase of 5,960,320 Purple shares at $4.50 apiece through an offering that closed on Feb. 13. Coliseum now holds 44.7% of Purple’s outstanding stock.