Sleep Number to Sell Assets to Sleep Country Canada for $529.5 Million After Auction
Sleep Number has agreed to sell substantially all of its assets to Sleep Country Canada for $529.5 million in cash, following a court-supervised auction. This revised amount is an increase from the initial $415 million offer and includes reduced escrow and removal of certain deductions. The deal is contingent on Bankruptcy Court approval, antitrust clearance, and other standard conditions.
Sleep Country becomes world’s second-largest sleep retailer after Sleep Number purchase
Sleep Country Canada has acquired Sleep Number's business through a court-supervised sale, making Sleep Country’s Family of Brands the world’s second-largest sleep retailer with over 800 locations. This acquisition combines Sleep Country’s retail operations with Sleep Number’s personalized sleep technology and smart-bed expertise. The deal is seen as a transformational step, with both companies working together to ensure a smooth integration while maintaining focus on quality and customer care.
Sleep Number Corp. Announces Court Approval for Sale to Sleep Country Canada
Sleep Number Corporation has received court approval for the sale of its assets and operations to SNBR Inc., a subsidiary of Sleep Country Canada Inc. The acquisition is expected to close by July 31, with Sleep Number's daily operations continuing as normal. Both companies express optimism about combining strengths to become a leading North American mattress and bedding company.
Mattress company Sleep Number sells assets for $700 million in bankruptcy
Mattress retailer Sleep Number received bankruptcy court approval to sell its assets to Sleep Country of Canada for $701 million. Sleep Country increased its original offer to include cash and assumption of some debts, with the sale expected to close by July 31. Sleep Number, which filed for bankruptcy in June due to tariffs, inflation, and supply chain issues, aims to form a leading North American mattress and bedding company with Sleep Country.
Sleep Country Canada wins bid to acquire Sleep Number
Sleep Country Canada Inc. has won its bid to acquire substantially all of Sleep Number Corp.'s assets and ongoing business operations. A bankruptcy judge approved the sale after Sleep Country Canada sweetened its offer to $122 million. The deal, which follows a competitive auction, is expected to close by July 31st, positioning the combined company for significant growth in the U.S. and Canadian markets.
Sleep Country Expands Into the USA with the Acquisition of Sleep Number, Creating 2nd Largest Global Sleep Retailer
Sleep Country Canada has acquired substantially all assets of Sleep Number, making the combined entity the second-largest sleep retailer globally with over 800 locations. This acquisition aims to combine Sleep Country's retail expertise with Sleep Number's innovative technology to offer enhanced personalized sleep solutions. Both companies emphasize their commitment to customer service and a smooth integration process moving forward.
Court OKs Sleep Number sale — deal creates second largest global sleep retailer
A bankruptcy court has approved the sale of Sleep Number's assets and operations to Sleep Country Canada, creating the second-largest global sleep retailer. The deal, expected to close by July 31, follows Sleep Number's bankruptcy filing five weeks prior and its ongoing struggles with slumping sales in a competitive mattress market. This acquisition aims to leverage Sleep Number's brand and innovation with Sleep Country Canada's existing retail presence to deliver better sleep solutions to customers.
Sleep Number Keeps Serving Customers as Sale Awaits Closing
Sleep Number Corporation has received court approval for the sale of substantially all its assets to SNBR Inc., a wholly-owned subsidiary of Sleep Country Canada Inc. The transaction is expected to close by July 31, 2026, and Sleep Number assures customers that day-to-day operations, including product delivery and warranty services, will continue as normal. This acquisition aims to leverage the strengths of both companies to build a leading North American mattress and bedding company.
Sleep Number Corp looks for a new catalyst as bedding demand shifts
Sleep Number Corp (SNBR) is navigating a shifting bedding market due to evolving consumer spending and increased competition in smart mattresses. The company is focusing on operational efficiency, brand positioning, and innovation in its premium smart beds to maintain profitability. Investors are keenly watching its long-term strategy amidst these market changes.
Sleep Number Corp highlights personalized bedding. Focus on long-term growth story
Sleep Number Corp is focusing on its long-term growth story by highlighting its personalized bedding solutions and connected sleep technology. The company's strategy revolves around individualized comfort, data-driven insights through its smart beds, and positioning itself in the premium wellness technology segment. Sleep Number aims to maintain customer loyalty and pricing power by emphasizing sleep science, comfort, and technological innovation in a competitive market.
BlackRock (SNBR) files 13G/A amendment reporting 0 shares (06/30/2026)
BlackRock, Inc. has filed an Amendment No. 9 to Schedule 13G/A for Sleep Number Corporation (SNBR), reporting zero shares beneficially owned as of June 30, 2026. This represents 0.0% of the class. The filing specifies that these figures pertain only to certain BlackRock "Reporting Business Units" and do not reflect holdings by other disaggregated business units.
Sleep Number cautious outlook, shares trade quietly on Nasdaq
Sleep Number Corp is facing a challenging period due to a soft U.S. mattress market, intensified promotional activity from competitors, and cautious investor sentiment. The company is focusing on cost control, operational efficiency, and leveraging its direct-to-consumer model to stabilize margins ahead of its upcoming quarterly earnings. Analysts maintain a reserved stance on the stock, citing weak industry volumes and higher interest rates impacting discretionary spending.
Pacific Ridge files Schedule 13G/A for Sleep Number (SNBR) with 0 shares
Pacific Ridge Capital Partners, LLC has filed an Amendment No. 2 to Schedule 13G/A for Sleep Number Corp (SNBR), reporting beneficial ownership of 0 shares of common stock, which represents 0.0% of the class. This filing indicates that Pacific Ridge does not hold a 5% or greater position in Sleep Number. The amendment was signed by Peter Trumbo, C.C.O., and dated June 24, 2026.
News On Sleep Number Corp. (SNBR) Now Under SNBRQ
This article announces that news regarding Sleep Number Corp., previously identified by the ticker SNBR, will now be found under the new ticker symbol SNBRQ. This indicates a change in how the company's information is tracked.
Jane Street Group discloses 6.1% stake in Sleep Number (SNBR) on 13G
Jane Street Group, LLC and its affiliates have disclosed a 6.1% passive institutional holding in Sleep Number (SNBR), comprising 1,401,197 shares of common stock. Subsidiaries Jane Street Capital, LLC and Jane Street Global Trading, LLC hold 577,929 and 823,268 shares respectively, all with shared voting and dispositive power. The Schedule 13G filing, signed on June 23, 2026, indicates a passive investment intent.
Form 13G Sleep Number Corp For: 23 June By Investing.com
This article from Investing.com reports on a Form 13G filing for Sleep Number Corp (SNBRQ) on June 23. The piece itself offers minimal details, primarily serving as a placeholder noting the filing and mentioning a significant stock price drop for SNBRQ. The article also includes various market data for indices, commodities, bonds, and stocks.
Sleep Number (SNBR) director Julie Howard sells 10,585 shares in open-market trade
Sleep Number Corp director Julie Howard sold 10,585 shares of the company's common stock at $0.1346 per share in an open-market transaction on June 22, 2026. Following this sale, she directly retains ownership of 37,580 shares. The transaction, reported via a Form 4 SEC filing, indicates a net sale of $1,425 and is considered neutral in terms of overall market impact.
AQR Capital (SNBR) reports 1.76M shares, 7.61% stake
AQR Capital Management entities have filed a Schedule 13G, disclosing a passive 7.61% stake in Sleep Number Corp (SNBR), totaling 1,755,148 shares of common stock as of June 15, 2026. The filing indicates shared voting and dispositive power among AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Capital Management II, LLC, with some shares held by investment funds managed by AQR Capital Management II, LLC. This disclosure is a standard regulatory filing for investment purposes and does not suggest an intent to influence control or engage in active transactions with Sleep Number.
Sleep Number (SNBR) director sells 3,020 common shares
Sleep Number Corp director Angel L. Mendez sold 3,020 shares of common stock in an open-market transaction on June 18, 2026, at a price of $0.2205 per share, totaling $665.91. Following this sale, Mendez directly holds 34,495 shares of Sleep Number common stock. The transaction was reported via a Form 4 filing with the SEC.
Form 144 Sleep Number Corp For: 22 June By Investing.com
This article reports on a Form 144 filing for Sleep Number Corp (SNBR) dated June 22. Form 144 is a notice of the intent to sell restricted securities. The brief notice indicates the filing without providing additional details on the transaction or its implications.
[Form 4] Sleep Number Corp Insider Trading Activity
Samuel R. Hellfeld, EVP Chief Legal & Risk Officer of Sleep Number Corp, reported an open-market sale of 7,964 common shares held indirectly through a 401k plan at $0.31 per share on June 18, 2026. Following this transaction, he retains a direct ownership of 75,772 Sleep Number shares. The sale is characterized as a routine 401k portfolio adjustment, with the executive maintaining a substantial direct stake.
[144] Sleep Number Corp SEC Filing
This article reports on a Form 144 SEC filing by Sleep Number Corp (SNBR). Form 144 notifies the SEC of a proposed sale of securities, indicating that certain securities of Sleep Number are intended to be sold. The filing details include information about the filer, issuer, specific securities to be sold (common stock acquired through RSU and open market purchases), and sales data for the past three months.
[144] Sleep Number Corp SEC Filing
This article reports on a Form 144 SEC filing by Sleep Number Corp (SNBR). The filing indicates a proposed sale of 3,020 shares of common stock with an aggregate market value of $666.00, acquired through a restricted stock lapse on January 1, 2026. The filing has a neutral impact and sentiment according to StockTitan.
Sleep Number Corp (SNBR) Earnings Forecast: Future EPS & Revenue Growth Estimates
Sleep Number Corp (SNBR) currently has an earnings forecast score of 6.00 and is ranked 13th out of 24 in the Household Goods industry. Analysts have set an average price target of $5.50 for SNBR, with a current rating of "Hold" based on 3 analysts. The company's expected revenue for the next quarter is $327.80M, and EPS is projected at -$0.19.
Sleep Number files for Chapter 11 bankruptcy
Sleep Number (NASDAQ:SNBR) has filed for Chapter 11 bankruptcy protection with $672.5 million in debt, attributing the move to rising inflation and tariff-related supply chain disruptions. Sleep Country Canada has agreed to acquire substantially all of Sleep Number's assets for $415 million and will serve as the stalking horse bidder in a court-supervised auction. The company expects to continue normal retail operations, honoring customer warranties and services during the restructuring process.
Sleep Number stock to be delisted from Nasdaq following chapter 11 filing
Sleep Number Corp. will be delisted from Nasdaq starting June 23, following its Chapter 11 bankruptcy filing last week. Nasdaq cited the bankruptcy filing, public interest concerns, and the residual equity interest of common stockholders as reasons. Sleep Number does not intend to appeal the decision and expects business operations and Chapter 11 proceedings to continue unaffected, with potential trading on over-the-counter markets.
Sleep Number (SNBR) Stock Crashes After Hours: Why Is It Moving? - Sleep Number (NASDAQ:SNBR)
Sleep Number Corp. (SNBR) shares plummeted 31% in after-hours trading following the disclosure that Nasdaq plans to delist its common stock. This decision comes after the mattress maker's recent Chapter 11 bankruptcy filing and concerns about its ability to maintain listing compliance, with trading in SNBR stock on Nasdaq suspended on June 23, 2026. The delisting notice raises concerns that common shareholders may face little to no recovery during the bankruptcy process.
Sleep Number Received Notice of Delisting
Nasdaq has informed Sleep Number that its common stock will be delisted due to the company's Chapter 11 filing and associated public interest and compliance concerns. Trading is scheduled to be suspended on June 23, 2026, and Sleep Number does not plan to appeal the decision. While shares may trade over the counter, there is no guarantee of an active market.
Sleep Number (NASDAQ: SNBR) to be delisted from Nasdaq after Chapter 11
Sleep Number Corporation's common stock will be delisted from Nasdaq after the company filed for Chapter 11 bankruptcy. Trading will be suspended on June 23, 2026, due to concerns about public interest, residual equity value for common shareholders, and compliance with listing rules. The company does not plan to appeal and expects the delisting will not affect business operations or the Chapter 11 proceedings, though future trading will likely be limited to over-the-counter markets without assurance of efficiency.
Sleep Number files bankruptcy, plans $415M sale
Sleep Number has filed for Chapter 11 bankruptcy with over $672 million in debt, citing inflation, tariffs, and supply chain issues. The company plans a $415 million sale to Sleep Country Canada, aiming to create a dominant North American mattress and bedding enterprise. During the restructuring, Sleep Number assures customers that operations, deliveries, and warranties will continue as usual.
Sleep Number (SNBR) adds $260M DIP loans as it pursues Chapter 11 sale and restructuring
Sleep Number Corporation has secured up to $260 million in debtor-in-possession (DIP) financing to support its Chapter 11 restructuring and potential sale. This financing includes $65 million in new superpriority term loans and $195 million in roll-up loans from existing secured debt, with a final court hearing scheduled for July 9, 2026. The company warns that existing common shares are likely to be cancelled, indicating a materially adverse outlook for current equity holders.
Sleep Number Secures $260 Million DIP Financing; $65 Million New Money, Sep 16 Maturity
Sleep Number has secured new debtor-in-possession (DIP) financing totaling $260 million to support its Chapter 11 process. The financing package includes $65 million in new money and aims to stabilize the company's liquidity while facilitating a Section 363 sale. The loans mature on September 16, 2026, and bear interest at SOFR plus 8.00% or base rate plus 7.00%.
Sleep Number Corporation stock will be delisted from Nasdaq after Chapter 11 bankruptcy; shares plummet
Sleep Number Corporation's stock will be delisted from Nasdaq following its Chapter 11 bankruptcy filing, effective next Tuesday, June 23. The delisting decision by Nasdaq was based on the bankruptcy filing, concerns regarding residual equity interest for common stockholders, and the company's ability to maintain listing compliance. Shareholders might still be able to trade on over-the-counter markets, although no assurance is provided.
Sleep Number (SNBR) EVP sells 3,130.1645 shares from 401(k)
Christopher D. Krusmark, EVP, Retail & People Officer at Sleep Number Corp (SNBR), reported an insider sale of 3,130.1645 shares of common stock. The transaction, an open-market sale from an indirect 401(k) holding, occurred at $0.6600 per share. Following the sale, Krusmark directly holds 50,241.0000 shares of Sleep Number Common Stock, with zero shares remaining in the indirect 401(k) position.
Sleep Number Files for Bankruptcy, Sells To Canadian Rival 06/16/2026
Sleep Number Corp. has filed for Chapter 11 bankruptcy protection and reached an agreement to sell its assets to Sleep Country Canada. Despite recent marketing efforts and product innovations, the mattress retailer experienced a $50 million loss last month and first-quarter sales fell by 19%. The deal aims to keep Sleep Number stores open, honor warranties, and provide $260 million in financing to address its unsustainable capital structure.
Case Summary: Sleep Number Chapter 11
Sleep Number has filed for Chapter 11 bankruptcy to sell its assets to Sleep Country Canada for $415 million, after accumulating $672.5 million in debt. The company, a vertically integrated developer and retailer of "smart beds," cited a multi-year mattress recession and an over-extended cost structure from a pandemic-era expansion strategy as key factors leading to its financial distress. The sale, structured as a lender-backed Section 363 process with Sleep Country as the stalking-horse bidder, is subject to court approval, and is intended to maximize value by preserving customer relationships and supply chains.
Sleep Number (SNBR) EVP disposes 30,720 common shares back to issuer
Sleep Number Corp (SNBR) EVP Christopher D. Krusmark reported the disposition of 30,720 common shares back to the issuer at a weighted average price of $0.3699 per share. This transaction, coded "D," indicates an issuer disposition rather than an open-market sale, suggesting a routine equity adjustment. After the transaction, Krusmark retains 50,241 direct shares and 3,130.1645 indirect shares through a 401(k), maintaining significant alignment with shareholders.
Sleep Number (SNBR) accounting officer returns 614 shares to the company
Kelly F. Baker, the Principal Accounting Officer of Sleep Number Corp (SNBR), returned 614 shares of common stock to the company on June 12, 2026, at a value of $0.3962 per share. This transaction, classified as a disposition to the issuer, is a routine adjustment rather than a market sale. Following this, Baker directly holds 9,745 shares of Sleep Number Common Stock.
Sleep Number (SNBR) EVP Melissa Barra reports 81,512-share disposition
Melissa Barra, EVP of Sleep Number Corp (SNBR), reported disposing of 81,512 shares of Common Stock on June 12, 2026, at a weighted average price of $0.3721 per share. Following this transaction, she directly holds 86,678 shares. The disposition was categorized as a "Disposition to issuer" on a Form 4 SEC filing.
[Form 4] Sleep Number Corp Insider Trading Activity
Sleep Number Corp director Stephen E. Macadam reported the disposition of 97,272 shares of common stock at a weighted average price of $0.4355 per share, with transactions occurring between $0.4100 and $0.4699. Following this sale, he directly owns 30,300 shares and indirectly holds 137 shares via an IRA. The Form 4 filing provides detailed information about this insider trading activity.
Sleep Number Files Bankruptcy to Sell Itself, Blames Tariffs
Mattress maker Sleep Number Corp. has filed for Chapter 11 bankruptcy with an agreement to sell itself to Sleep Country Canada Inc. for $415 million. The company cited weak demand, financial pressures, and "unpredictable shifting of trade rules imposed by the current U.S. government" as contributing factors to its bankruptcy. Sleep Number plans to continue operations during an expedited sale process, aiming for a July 31 closing date.
Sleep Number Corp. Announces Agreement to Combine with Sleep Country Canada
Sleep Number Corporation has announced an agreement to combine with Sleep Country Canada, aiming to create a leading North American mattress and bedding company. To facilitate this combination and address its unsustainable capital structure, Sleep Number initiated a voluntary Chapter 11 sale process, during which it expects to continue all operations. Sleep Country Canada will serve as the "stalking horse" bidder in this court-supervised process, with Sleep Number focusing on serving customers and expanding its business in the U.S. and internationally.
[144] Sleep Number Corp SEC Filing
This SEC Form 144 filing from Sleep Number Corp (SNBR) outlines a proposed sale of securities. The filing specifies the sale of 4293 shares of common stock with an aggregate market value of $1739.00 by a person whose acquisition was through a restricted stock lapse on May 15, 2026, as equity compensation. The transaction is scheduled for June 12, 2026, on NASDAQ, via broker Charles Schwab & Co., Inc.
Sleep Number (NASDAQ: SNBR) reports proposed sale entries including RSUs
Sleep Number (NASDAQ: SNBR) has filed a Form 144, indicating proposed sales of shares. The filing lists an Open Market Purchase of 3,150 shares dated January 25, 2013, and an RSU/PSU entry for 78,362 shares dated March 28, 2017, with a recorded date of June 12, 2026. This Form 144 serves as a notice of proposed sales under resale rules and does not confirm that the sales have been executed or specify who will receive the proceeds.
[144] Sleep Number Corp SEC Filing
This SEC filing is a Form 144 for Sleep Number Corp (SNBR), indicating a proposed sale of securities under Rule 144 of the Securities Act of 1933. The filing details the securities to be sold, including 21,566 shares of common stock acquired through RSU/PSU in 2020, with an aggregate market value of $8,195.00, and specifies the broker as Charles Schwab & Co., Inc. and the approximate date of sale as June 12, 2026.
Sleep Number files for bankruptcy as Canadian retailer submits $415M bid
Sleep Number, headquartered in Minneapolis, has filed for bankruptcy after experiencing four consecutive years of declining sales following a pandemic peak. Sleep Country Canada has submitted a "stalking-horse" bid of $415 million to acquire the struggling company. This development highlights the challenges faced by Sleep Number in a shifting market.
Sleep Number enters bankruptcy but keeps stores open and orders flowing
Sleep Number Corporation has filed for Chapter 11 bankruptcy to facilitate a combination with Sleep Country Canada. The company assures customers that all operations, including stores, online orders, deliveries, and warranties, will continue without interruption. Despite the bankruptcy filing, Sleep Number aims to resolve its financial constraints and leverage this strategic merger to expand its business and product offerings in North America.
[Form 3] Sleep Number Corp Initial Statement of Beneficial Ownership
Sleep Number director Adams Colin McNeill has filed an initial Form 3 reporting beneficial ownership of 0 shares of the company's common stock. This filing indicates no direct ownership position in Sleep Number Corp as of the reportable date and is a standard disclosure when an individual becomes an insider. The Form 3 does not report any transactions or derivative securities.
[8-K] Sleep Number Corp Reports Material Event
Sleep Number Corporation announced the election of attorney Colin M. Adams to its Board of Directors, effective June 4, 2026. This appointment increases the board to seven members, with six considered independent under Nasdaq standards. Mr. Adams will receive a monthly fee of $40,000 for his board service, with potential additional fees for extra activities.
Sleep Number Corp Announces Appointment of Colin M. Adams as Director, Effective June 4, 2026
Sleep Number Corp. announced the election of Colin M. Adams, Esq. to its Board of Directors, effective June 4, 2026. This appointment increased the Board to seven members, with six being independent directors as per Nasdaq standards. The company stated there was no prior arrangement for his selection.
