SEC Comment Letter for Purple Innovation, Inc. (PRPL) (CIK 0001643953) (PRPL) — Jul 23, 2015
Purple Innovation, Inc. (PRPL) (CIK 0001643953)
Date: July 23, 2015 · CIK: 0001643953 · Accession: 0000000000-15-038137
AI Filing Summary & Sentiment
Letter
July 22, 2015 Via E -mail Paul Zepf Chief Executive Officer Global Partner Acquisition Corp. 1 Rockefeller Plaza, 10th Floor New York, New York 10020
Re: Global Partner Acquisition Corp. Amendment No. 1 to Re gistration Statement on Form S -1 Filed July 13, 2015 File No. 333 -204907
Dear Mr. Zepf :
We have reviewed your amended registration statement and have the following comment . In our comment , we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comment applies to your facts and circumstances or do not be lieve an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to this comment , we may have additional comments. Unless we note otherwise , our reference to a prior comment is to the comment in our July 9, 2015 letter .
Dilution, page 62
1. We have reviewed your response to comment 6 and reissue the comment, in part. Please tell us how you have calculated the amounts Increase attributable to p ublic stockholders and Decrease attributable to public shares subject to redemption. It is not clear how you are calculating the Increase attributable to public stockholders, and it appears the Decrease attributable to public shares subject to redemption should be something less than $10/share as the book value after the assumed offering will be an amount less than $10/share and the book value after the assumed offering and redemption is $1.20/share. Please also clarify how you determined that public stoc kholders not exercising their redemption rights will lose 100% of their share value after giving effect to the sale of shares and share redemptions, as noted in the introduction to the table.
Paul Zepf Global Partner Acquisition Corp. July 22, 2015 Page 2
You may contact Eric McPhee, Staff Accountant, at (202) 551 -3693 or Wilson Lee, Senior Staff Accountant, at (202) 551 -3468 if you have questions regarding the comment on the financial statements and related matters. Please contact Rahul Patel, Staff Attorney, at (202) 551-3799 or me at (202) 551 -3466 with any other questions.
Sincerely,
/s/ Coy Garrison
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July 22, 2015 Via E -mail Paul Zepf Chief Executive Officer Global Partner Acquisition Corp. 1 Rockefeller Plaza, 10th Floor New York, New York 10020 Re: Global Partner Acquisition Corp. Amendment No. 1 to Re gistration Statement on Form S -1 Filed July 13, 2015 File No. 333 -204907 Dear Mr. Zepf : We have reviewed your amended registration statement and have the following comment . In our comment , we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comment applies to your facts and circumstances or do not be lieve an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment , we may have additional comments. Unless we note otherwise , our reference to a prior comment is to the comment in our July 9, 2015 letter . Dilution, page 62 1. We have reviewed your response to comment 6 and reissue the comment, in part. Please tell us how you have calculated the amounts Increase attributable to p ublic stockholders and Decrease attributable to public shares subject to redemption. It is not clear how you are calculating the Increase attributable to public stockholders, and it appears the Decrease attributable to public shares subject to redemption should be something less than $10/share as the book value after the assumed offering will be an amount less than $10/share and the book value after the assumed offering and redemption is $1.20/share. Please also clarify how you determined that public stoc kholders not exercising their redemption rights will lose 100% of their share value after giving effect to the sale of shares and share redemptions, as noted in the introduction to the table. Paul Zepf Global Partner Acquisition Corp. July 22, 2015 Page 2 You may contact Eric McPhee, Staff Accountant, at (202) 551 -3693 or Wilson Lee, Senior Staff Accountant, at (202) 551 -3468 if you have questions regarding the comment on the financial statements and related matters. Please contact Rahul Patel, Staff Attorney, at (202) 551-3799 or me at (202) 551 -3466 with any other questions. Sincerely, /s/ Coy Garrison Coy Garrison Staff Attorney cc: Stuart Neuhauser, Esq. (via E -mail)