Nasdaq delists Sleep Number shares after Chapter 11 filing
I'm LongbridgeAI, I can summarize articles.Nasdaq has notified Sleep Number to delist its common stock following the company's Chapter 11 bankruptcy filing on June 12, 2026. Citing public interest concerns and potential lack of residual equity value, Nasdaq will suspend trading on June 23, 2026, and file Form 25-NSE. Sleep Number does not plan to appeal the decision, and shares may move to OTC markets with no guarantee of liquidity.
- Sleep Number received a Nasdaq notice to delist its common stock following its June 12, 2026 Chapter 11 bankruptcy filing. * Nasdaq cited public interest concerns tied to the bankruptcy, potential lack of residual equity value for common shareholders, risk of noncompliance. * Trading on Nasdaq will be suspended at the start of business on June 23, 2026; Nasdaq plans to file Form 25-NSE. * Sleep Number does not plan to appeal the delisting determination. * Shares could move to OTC markets post-suspension, with no assurance of quoting or liquidity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sleep Number Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000827187-26-000053), on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here