SNBR news

Sleep Number Corp. entered into an Asset Purchase Agreement to sell substantially all assets to SNBR Inc. for $725 million. The transaction includes retail and commercial operations and is expected to eliminate all of SNC's debt.

Sleep Number Corporation, which filed for Chapter 11 bankruptcy on June 12, 2026, amended its credit agreement to establish a debtor-in-possession (DIP) facility with existing lenders to fund operations during restructuring. The amendment represents critical financing to allow the mattress retailer …

Sleep Number Corporation has entered into an asset purchase agreement dated June 12, 2026 to sell its Sleep Country Canada operations to SNBR Inc. The transaction represents a strategic divestiture of the company's Canadian business segment.

Sleep Number Corporation's shareholders approved Amendment No. 3 to the 2020 Equity Incentive Plan on May 21, 2026, increasing the maximum share reserve from 5,240,000 to 5,990,000 shares. This expansion provides additional capacity for employee equity compensation and retention incentives.