DelistingJun 17, 2026, 05:11 PM
Sleep Number Delisted from Nasdaq Due to Chapter 11 Filing
AI Summary
Sleep Number Corporation announced it received a notice from Nasdaq regarding the delisting of its common stock, effective June 23, 2026. This decision follows the company's voluntary filing for Chapter 11 bankruptcy on June 12, 2026, with Nasdaq citing public interest concerns, residual equity interest, and the company's ability to meet listing requirements. Sleep Number does not plan to appeal the delisting, which is not expected to impact its business operations or the Chapter 11 cases. While the common stock may trade on over-the-counter markets, there is no assurance of this.
Key Highlights
- Sleep Number Corporation filed for Chapter 11 bankruptcy on June 12, 2026.
- Received notice from Nasdaq on June 16, 2026, regarding delisting of its common stock.
- Nasdaq's decision based on Chapter 11 filing, public interest, and residual equity concerns.
- Trading of Sleep Number's common stock on Nasdaq will be suspended on June 23, 2026.
- The company does not intend to appeal Nasdaq's delisting determination.
- Delisting is not expected to affect business operations or the Chapter 11 Cases.
- Common stock may be quoted on over-the-counter markets, but no assurance is provided.
Price Impact
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