Mattress startup Purple merges with NY shell company in $1.1 billion deal | TechCrunch
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Compression Table for what is a purple 2 mattress
Tech + Startups
Purple, a Utah-based mattress startup, announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. The new deal is known as a “reverse merger” and would result in Purple becoming a publicly traded company overnight, but without the formal IPO process.
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