LL Flooring Holdings Inc ( (LLFLQ) ) has shared an announcement.
LL Flooring Holdings, Inc. has announced a critical step in their Chapter 11 bankruptcy process by signing an asset purchase agreement with F9 Investments for a going-concern sale of the business. This sale is set to include 219 stores, inventory, intellectual property, and other assets. Expected to be finalized by the end of September, subject to court approval and other conditions, the deal aims to maintain the company’s ongoing operations and sustain service to its customers. This move comes after the company had considered liquidation but is now looking to continue its legacy through this strategic sale.
See more insights into LLFLQ stock on TipRanks’ Stock Analysis page.
