Sleep Number Amends Asset Sale Agreement; Price Jumps to $529.5M

Sleep Number Corporation has amended its asset purchase agreement with SNBR, Inc., a wholly-owned subsidiary of Sleep Country Canada Inc. The revised agreement, dated July 18, 2026, significantly increases the cash purchase price for substantially all of Sleep Number's assets from $415 million to $529.5 million. Additionally, the agreement reduces the adjustment escrow deposit and eliminates several potential purchase price deductions and pre-closing covenants, while introducing a new closing condition for a "Stub Rent Reserve."