Sleep Number secures $529.5M asset sale, up $114.5M from stalking horse bid

Filed July 23, 2026 · Period ending July 18, 2026 · ~1 min read

Key Changes

• high

  Asset sale price increased to $529.5M cash from original $415M stalking horse bid following bankruptcy auction, with buyer reducing escrow deposit from $25M to $10M.

  Item 1.01 verify on EDGAR →
• medium

  Amended agreement reduces potential purchase price deductions related to undelivered orders, payment processor reserves, and contract cure costs, providing more certainty on final proceeds.

  Item 1.01 verify on EDGAR →
• medium

  Deal eliminates several closing conditions from original agreement, including minimum marketing spend requirements, pre-closing inventory counts, and employee acceptance thresholds.

  Item 1.01 verify on EDGAR →