GPAC, Purple amended merger pact sees enterprise value of Purple $500M
Global Partner Acquisition and Purple Innovation announced that they have amended their definitive merger agreement pursuant to which Purple will become a subsidiary of GPAC. Among other things, the amendment reflects an updated enterprise value of Purple of approximately $500M. The consummation of the proposed business combination will be subject to the terms and conditions set forth in the amended merger agreement. In addition, GPAC and Purple have prepared an updated investor presentation outlining the updated transaction. GPAC has filed the amendment to the merger agreement and the investor presentation with the Securities and Exchange Commission under cover of Form 8-K.