Former Big Lots files to convert Chapter 11 to Chapter 7; shares deemed worthless

FORMER BL STORES INC

On Oct 24 2025 Debtors filed motion to convert Chapter 11 cases to Chapter 7; hearing set for Nov 4.
If approved, a Chapter 7 trustee will be appointed to liquidate remaining assets for creditors.
Company expects to cease filing SEC reports after conversion and will no longer manage assets as debtors-in-possession.
Company believes its common shares are worthless; no distribution to shareholders expected in liquidation.
Sale of substantially all assets to Gordon Brothers closed Jan 3 2025; remaining assets to be liquidated.

item 1.03

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filed_at: 2025-10-30T23:59:59+00:00
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Source: SEC EDGAR

accession 0000768835-25-000034

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