Sleep Number to be Delisted from Nasdaq on June 23 Following Chapter 11 Filing
SNBR has more than doubled off its 52-week low of $0.145 on elevated volume (37× avg).
Summary
Sleep Number Corp received a delisting notice from Nasdaq, with trading to be suspended on June 23, 2026, due to its Chapter 11 bankruptcy filing.
Key Events · Legal and Risk Events · SNBR
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Nasdaq Delisting Notice Received
Sleep Number received formal notification from Nasdaq regarding the delisting of its common stock, following its Chapter 11 bankruptcy filing on June 12, 2026.
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Trading Suspension Date Set
Trading of the company's common stock on Nasdaq will be suspended at the beginning of business on June 23, 2026.
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No Appeal Intended
The company does not intend to appeal Nasdaq's determination, confirming the delisting.
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Potential OTC Trading
After suspension, the common stock may be quoted on over-the-counter markets, though the company provides no assurance of an efficient market.
Analysis · SNBR · Manufacturing
This filing confirms that Sleep Number's common stock will be delisted from Nasdaq, a direct consequence of its recent Chapter 11 bankruptcy filing. The delisting removes the stock from a major exchange, further impacting liquidity and signaling the severe distress for common stockholders. The company does not intend to appeal the decision.
At the time of this filing, SNBR was trading at $0.32 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.1M. The 52-week trading range was $0.15 to $13.94. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.