Sleep Number Corp (SNBRQ) faces removal of common stock from Nasdaq listing
Rhea-AI Filing Summary
Nasdaq Stock Market LLC submitted a Form 25 notification to remove Sleep Number Corp's common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certifies it has complied with its rules and applicable SEC requirements, with the notice signed by a hearings advisor on the exchange's behalf.
Positive
- None.
Negative
- None.
Filing Explained
The filing also states that Sleep Number Corp complied with Nasdaq’s rules and SEC requirements for a voluntary withdrawal of its common stock from listing and registration, identifying issuer-side withdrawal mechanics alongside Nasdaq’s removal notice.
Key Figures
Commission File Number: 000-25121
Issuer phone: +1 763 551-7000
ZIP code: 55404
3 metrics
Commission File Number
000-25121
Exchange Act registration file number for Sleep Number Corp
Issuer phone
+1 763 551-7000
Telephone number of Sleep Number Corp principal executive offices
ZIP code
55404
ZIP code of Sleep Number Corp principal executive offices in Minneapolis, Minnesota
Key Terms
Form 25, Section 12(b), withdrawal of the class of securities from listing and registration, 17 CFR 240.12d2-2(b)
4 terms
Form 25 regulatory
"Nasdaq Stock Market LLC certifies that it meets all of the requirements for filing the Form 25"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) regulatory
"removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
withdrawal of the class of securities from listing and registration regulatory
"governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange"
17 CFR 240.12d2-2(b) regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Sleep Number Corp's (SNBRQ) Form 25 notification signify?
It signifies that Nasdaq Stock Market LLC submitted a Form 25 to remove Sleep Number Corp's common stock from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934, after certifying compliance with its own rules and applicable SEC requirements.
Which securities of Sleep Number Corp (SNBRQ) are affected by this action?
The action specifically references Sleep Number Corp's common stock. Nasdaq Stock Market LLC filed a Form 25 notification stating that this class of securities is being removed from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934.
Who initiated the removal of Sleep Number Corp (SNBRQ) from Nasdaq?
Nasdaq Stock Market LLC initiated the process by submitting a Form 25 notification. The exchange certifies it has reasonable grounds to believe it meets all requirements for filing Form 25 and has signed the notice through a duly authorized hearings advisor.
What legal provisions govern Sleep Number Corp's (SNBRQ) removal from listing?
The removal is tied to Section 12(b) of the Securities Exchange Act of 1934 and related SEC rules, including references to 17 CFR 240.12d2-2(b) and 17 CFR 240.12d2-2(c), which address striking a class of securities from listing and withdrawal of registration.