Sleep Number raises bankruptcy asset sale price to $529.5 million in amended deal with Sleep Country Canada

• 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 USD 529.5 million from USD 415 million, subject to purchase price adjustments.
• Adjustment escrow deposit cut to USD 10 million from USD 25 million.
• Deal terms reduced several potential price deductions, easing adjustments tied to customer orders, processor reserves, cure costs.
• New closing condition requires a USD 5.19 million segregated stub rent reserve covering unpaid lease obligations for June 12-30, 2026.

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: 0000950103-26-011104), on July 23, 2026, and is solely responsible for the information contained therein.