Sleep Number raises bankruptcy asset sale price to $529.5 million in amended deal with Sleep Country Canada
SNBR•Key changes to escrow and price deductions
The adjustment escrow deposit was cut to $10 million from $25 million.
Deal terms also reduced several potential price deductions, easing adjustments tied to customer orders, processor reserves, and cure costs.
Amended asset sale deal raises cash consideration
Sleep Number entered a restated asset purchase agreement on July 18, 2026 to sell substantially all assets to Sleep Country Canada’s SNBR unit.
Cash consideration increased to $529.5 million from $415 million, subject to purchase price adjustments.
New closing condition tied to unpaid lease obligations
A new closing condition requires a $5.19 million segregated stub rent reserve covering unpaid lease obligations for June 12-30, 2026.
