Sleep Number Corporation announced it received a delisting notice from The Nasdaq Stock Market on June 16, 2026. This action is a direct result of the company's recent filing for Chapter 11 bankruptcy protection. The company does not intend to appeal Nasdaq's determination.
Key Details
- Event: Nasdaq determined to delist Sleep Number's common stock (SNBR) from its exchange.
- Reason: The decision is based on the company's Chapter 11 bankruptcy filing on June 12, 2026, and related public interest concerns and compliance issues.
- Effective Date: Trading of SNBR common stock will be suspended on Nasdaq at the beginning of business on June 23, 2026.
- Future Trading: The company's stock may be quoted on over-the-counter (OTC) markets following the delisting, though no assurance is provided.