Common stockholders should anticipate total loss of investment. Monitor Chapter 11 proceedings for potential residual distributions, but OTC trading will be highly illiquid. No recovery expected for equity holders.
Price Chart
Executive Summary
Sleep Number Corp received Nasdaq delisting notice on June 16, 2026, following its Chapter 11 bankruptcy filing on June 12. Trading will be suspended June 23, and the company will not appeal, making delisting certain. Common stock will likely trade OTC with no assurance of liquidity, effectively wiping out equity value.
Key Facts
- Sleep Number filed for Chapter 11 bankruptcy on June 12, 2026
- Nasdaq notified the company of delisting on June 16, 2026, citing public interest concerns from the bankruptcy
- Trading of SNBR on Nasdaq will be suspended at the beginning of business on June 23, 2026
- The company does not intend to appeal the delisting determination
- Post-delisting, common stock may trade over-the-counter but with no assurance of quotes or an efficient market
Financial Impact
Common stock delisting likely renders equity worthless; no financial figures provided in the filing
Risk Factors
- Common stock may become worthless in Chapter 11 process
- OTC market may provide no liquidity or price discovery
- Delisting eliminates institutional ownership and public market access
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000827187-26-000053 |
| Document: 0000827187-26-000053-index-headers.html | 0000827187-26-000053 |
| Document: 0000827187-26-000053-index.html | 0000827187-26-000053 |
| Document: 0000827187-26-000053.txt | 0000827187-26-000053 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 17, 2026 15w ago | 8-K | $0.2072 $0.1250 | ▲ +39.67% | ▲ +38.01% | — |
Jun 16, 2026 15w ago | 8-K | $0.3900 $0.1250 | ▲ +67.95% | ▲ +66.91% | — |
Jun 12, 2026 16w ago | 8-K | $0.3902 $0.2072 | ▲ +46.90% | ▲ +47.57% | — |
Jun 10, 2026 16w ago | 8-K | $0.6600 $0.3900 | ▼ −40.91% | ▼ −41.34% | — |
Jun 2, 2026 17w ago | 8-K | $1.07 $0.7400 | ▼ −30.84% | ▼ −27.02% | — |
May 12, 2026 20w ago | 8-K | $1.90 $1.55 | ▲ +18.42% | ▲ +18.50% | — |
Apr 28, 2026 22w ago | 8-K | $3.25 $2.68 | ▲ +17.54% | ▲ +19.23% | — |
Mar 12, 2026 29w ago | 8-K | $3.67 $2.85 | ▼ −22.34% | ▼ −21.36% | — |
Mar 12, 2026 29w ago | 8-K | $3.67 $2.85 | ▼ −22.34% | ▼ −21.36% | — |
US Market Status
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