---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-26-011104"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2026-07-23T21:20:56+00:00"
generated_at: "2026-07-23T21:22:06.717113+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sleep Number raises asset sale price to $529.5M in amended stalking horse deal

## Summary
- Base purchase price increased from $415M to $529.5M cash, subject to adjustments.
- Adjustment escrow reduced from $25M to $10M; certain price deductions eliminated.
- New closing condition: Seller must fund $5.19M 'Stub Rent Reserve' for unpaid lease obligations.
- Transaction part of Chapter 11 bankruptcy; requires Bankruptcy Court approval and antitrust clearance.
- Amended agreement follows July 18, 2026 auction; eliminates minimum marketing spend covenant.

## SEC filing metadata
- accession: 0000950103-26-011104
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2026-07-23T21:20:56+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000095010326011104/0000950103-26-011104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000095010326011104/dp250511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-26-011104
- JSON: https://secwatch.observer/filing/0000950103-26-011104.json
- Plain text: https://secwatch.observer/filing/0000950103-26-011104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.