F9 Investments, LLC, Thomas D. Sullivan and Jason Delves entered into to a letter of intent to acquire remaining 91.2% stake in LL Flooring Holdings, Inc. (NYSE:LL) from Isaac Capital Group, LLC and others for $92.3 million on November 14, 2023. As part of consideration, F9 Investments will pay $3 in cash for each share of LL Flooring. F9 Investments plans to fund the acquisition through cash on hand and borrowing under our existing revolving credit facility. The transaction is subject to confirmatory due diligence. Solomon Partners Securities, LLC acted as financial advisor and Dentons US LLP acted as legal advisor to F9?s.

F9 Investments, LLC, Thomas D. Sullivan and Jason Delves cancelled the acquisition of remaining 91.2% stake in LL Flooring Holdings, Inc. (NYSE:LL) from Isaac Capital Group, LLC and others on January 18, 2024. F9 and CTG sent a letter to the CEO and Chairperson of the Board to LL withdrawing the offer set forth in the letter to acquire all of the outstanding shares of common stock of LL for $3.00 per share in light of LL?s demand that as a prerequisite to engaging with the reporting persons, the reporting persons enter into agreements that may hinder their ability to take actions designed to maximize the value of their investment in LL.