Sleep Number closes asset sale to Sleep Country Canada unit for USD 529.5 million

• Sleep Number closed the sale of substantially all assets to Sleep Country Canada’s unit SNBR on July 31, 2026.
• Cash proceeds totaled USD 529.5 million.
• About USD 267.4 million went to repay debtor-in-possession term loans and roll-up loans, including related fees and expenses.
• USD 10 million was placed in escrow for post-closing adjustments.
• No distribution expected for stockholders; common stock to be cancelled when the liquidation plan becomes effective.

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: 0000950103-26-011603), on August 03, 2026, and is solely responsible for the information contained therein.