🍄 The Toadstool Week In Review
Sleep Number Corporation completed its Chapter 11 bankruptcy liquidation on July 31, 2026, with the sale of substantially all assets to SNBR, Inc., a subsidiary of Sleep Country Canada Inc., for $529.5 million in cash proceeds. In a separate major transaction, Sharing Economy International Inc. completed a transformative reverse merger on August 2, 2026, acquiring Light Across, Inc., an electric vehicle engineering, design, and manufacturing company, through a share exchange agreement.
Health Catalyst divested its VitalWare business to Med-Metrix LLC for $147 million on July 31, 2026, and used net proceeds to fully repay and terminate its $160 million credit facility. Hydrofarm Holdings Group sold Aurora Peat Products ULC to 2817049 Alberta Ltd. for $16 million on July 31, 2026, with $5 million deferred as a secured promissory note, with net proceeds directed toward reducing its $125 million debt. Avalanche Treasury Corporation received dual delisting notices from Nasdaq on August 6, 2026, for failing to meet minimum bid price requirements.
This commentary is for informational purposes only and is not investment advice.