Nasdaq to Delist Sleep Number Stock on June 23 Following Chapter 11 Filing
Summary
Sleep Number has received a notice from Nasdaq that its common stock will be delisted, with trading suspended on June 23, 2026. This action is a direct result of the company's Chapter 11 bankruptcy filing on June 12th and related compliance concerns. The company does not intend to appeal the decision, meaning its shares will likely move to over-the-counter trading, which typically results in significantly reduced liquidity. This formalizes the end of exchange trading for the distressed company.
At the time of this announcement, SNBR was trading at $0.32 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.1M. The 52-week trading range was $0.15 to $13.94. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.