---
title: "Sleep Number Amends Bankruptcy Asset Sale Agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293675006.md"
description: "Sleep Number amended its bankruptcy asset sale agreement with SNBR, Inc., raising the base cash purchase price from $415 million to $529.5 million. The revised deal reduces escrow and potential deductions, simplifies covenants, and adds a stub rent reserve. This amendment aims to improve value recovery for stakeholders by increasing the headline price and limiting downward adjustments, while maintaining conditions for regulatory and court approvals."
datetime: "2026-07-23T21:50:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293675006.md)
  - [en](https://longbridge.com/en/news/293675006.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293675006.md)
generator: "portal-rs"
---

# Sleep Number Amends Bankruptcy Asset Sale Agreement

### Claim 55% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

Sleep Number ( (SNBRQ) ) has issued an announcement.

On June 12, 2026, Sleep Number entered into a stalking horse asset purchase agreement with SNBR, Inc., a subsidiary of Sleep Country Canada, to sell substantially all of its assets for $415 million in cash plus the assumption of certain liabilities, as part of a Bankruptcy Court process. Following a court-supervised auction, on July 18, 2026, the parties signed an amended and restated agreement that raised the base cash purchase price to $529.5 million, reduced escrow and potential price deductions, simplified pre-closing covenants, and added a stub rent reserve requirement, while keeping the deal subject to customary regulatory, antitrust and bankruptcy court approvals and a material adverse effect condition.

The amended agreement is expected to improve value recovery for Sleep Number’s stakeholders by increasing the headline purchase price and limiting downward pricing adjustments compared with the original stalking horse deal. It also clarifies conditions for closing, including regulatory clearance and court approval, and sets out break-up fee and deposit forfeiture terms that may influence competing bids and the final outcome of the company’s bankruptcy-driven asset sale process.

The most recent analyst rating on (SNBRQ) stock is a Hold  
 with a $3.00 price target.  
 To see the full list of analyst forecasts on Sleep Number stock,  
 see the SNBRQ Stock Forecast page. 

**Spark’s Take on SNBRQ Stock**

According to Spark, TipRanks’ AI Analyst, SNBRQ is a Neutral.

The score is held down primarily by very weak financial performance (declining sales, losses, negative cash flow) and a stressed balance sheet with negative equity. Technicals also indicate a severe downtrend (price well below key moving averages), with only oversold readings suggesting a possible near-term bounce rather than a confirmed reversal. The latest earnings call adds some offset from early product and demand improvements plus short-term lender relief, but guidance remains cautious and financing/cash-flow risk is still a central overhang.

To see Spark’s full report on SNBRQ stock,  
 click here. 

**More about Sleep Number**

Sleep Number Corporation operates in the sleep products industry, selling adjustable air mattresses, smart beds and related bedding accessories. The company focuses on branded, technology-enabled sleep solutions, distributing primarily through its own retail stores and direct-to-consumer channels in North America.

**Average Trading Volume:** 25,975,856

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $693.1K

Find detailed analytics on SNBRQ stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [SNBRQ.US](https://longbridge.com/en/quote/SNBRQ.US.md)

## Related News & Research

- [Logistic Properties of the Americas Receives Definitive Regulatory Approval of $145 Million Asset Sale in Peru | LPA Stock News](https://longbridge.com/en/news/298739217.md)
- [Golf-LIV Golf wins interim court approval to access $14 million in bankruptcy financing](https://longbridge.com/en/news/298659639.md)
- [Kinetik Holdings weighing options including potential sale - Bloomberg](https://longbridge.com/en/news/298518270.md)
- [Uber seeking 4.5 billion euros from debut euro bond sale](https://longbridge.com/en/news/298461531.md)
- [SL Green Announces Sale of 110 Greene Street for $226 Million | SLG Stock News](https://longbridge.com/en/news/298451550.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**