Sleep Number Corp 8K

Sleep Number Corporation amended and restated its stalking-horse asset purchase agreement with SNBR Inc. to sell substantially all of its assets in its Chapter 11 case for a base price of $529.5 million, subject to court approval and bid procedures.

On July 18, 2026, Sleep Number Corporation, which is operating as a debtor-in-possession under Chapter 11 in the Southern District of New York, entered into an Amended and Restated Asset Purchase Agreement with SNBR Inc. as purchaser and Sleep Country Canada Inc. (only as guarantor under Section 10.21), replacing a prior stalking-horse asset purchase agreement dated June 12, 2026 and its July 2, 2026 amendment, to sell substantially all of the business assets of Sleep Number and certain subsidiaries free and clear of liens under Section 363 of the Bankruptcy Code for a base purchase price of $529.5 million (subject to working capital, inventory, and marketing expenditure adjustments), with SNBR assuming specified liabilities, the transaction being governed by previously approved bid procedures, requiring a Bankruptcy Court sale order, and positioning SNBR as the stalking-horse bidder entitled to a break-up fee and expense reimbursement if an alternative transaction is consummated.

Filing Facts

CIK

827187

Ticker

-

Form

8K

Source Type

sec

Accession

0000950103-26-011104

Alert Tier

8