Durational Capital Management, a private equity firm, completed the acquisition of Casper Sleep, an e-commerce company that sells sleep products, for $308m. "We are delighted to announce this transaction with Durational Capital Management that creates immediate and substantial value for shareholders, and allows Casper to move forward on strong financial footing. This agreement offers a promising opportunity to realize the highest value for our stockholders while providing Casper with much needed capital to execute on future initiatives to sustain and grow its business," Philip Krim, Casper Co-Founder and CEO. On January 19, 2022, Casper Sleep announces stockholder approval of merger agreement.