secwatch.observer — SEC 8-K summary
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Issuer:     LL Flooring Holdings, Inc. (—)
CIK:        0001396033
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001193125-24-211525
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LL Flooring pivots to liquidation, sells distribution center for $104.75M in cash
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- Unable to reach stalking horse agreement for going-concern sale; filed notice to pursue Liquidation Pivot on Aug 30, 2024.
- Subsidiary entered Purchase Agreement to sell Sandston, VA distribution center for $104.75M cash to SNA NE, LLC.
- Amended Agency Agreement with Hilco to liquidate inventory at all remaining stores.
- Company warns equity holders will likely receive little or no recovery in Chapter 11; stock now trades OTC under LLFLQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396033/000119312524211525/0001193125-24-211525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396033/000119312524211525/d882665d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-211525

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