Sec Form 13D Filing - F9 Investments LLC filing for LL FLOORING HOLDINGS, INC. (LLFLQ) - 2024-09-09

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

 

 

LL Flooring Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

55003T107

(CUSIP Number)

Avi Cohen

2350 W O Smith Street

Lawrenceburg, TN 38464

617-851-9635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 6, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box ☐.

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


SCHEDULE 13D

 

CUSIP No. 55003T107

 

 1   

 Names of Reporting Persons

 

 F9 Investments, LLC (Single Member LLC with Thomas D. Sullivan Single Member)

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☒  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds

 

 PF

 5  

 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):

 

 ☐

 6  

 Citizenship or Place of Organization

 

 Florida

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With:

 

    7   

 Sole Voting Power

 

 0

    8  

 Shared Voting Power

 

 2,698,907

    9  

 Sole Dispositive Power

 

0

   10  

 Shared Dispositive Power

 

 2,698,907

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 2,698,907

12  

 Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

 ☐

13  

 Percent of Class Represented by Amount in Row (11)

 

 8.8%

14  

 Type of Reporting Person

 

 PN

 


SCHEDULE 13D

 

CUSIP No. 55003T107

 

 1   

 Names of Reporting Persons

 

Thomas D. Sullivan

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☒  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds

 

 PF

 5  

 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With:

 

    7   

 Sole Voting Power

 

 0

    8  

 Shared Voting Power

 

 1,100

    9  

 Sole Dispositive Power

 

0

   10  

 Shared Dispositive Power

 

 1,100

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 1,100

12  

 Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

 ☐

13  

 Percent of Class Represented by Amount in Row (11)

 

 Less than 1%

14  

 Type of Reporting Person

 

 IN

 


SCHEDULE 13D

 

CUSIP No. 55003T107

 

 1   

 Names of Reporting Persons

 

John Jason Delves

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☒  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Source of Funds

 

 PF

 5  

 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):

 

 ☐

 6  

 Citizenship or Place of Organization

 

 United States

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With:

 

    7   

 Sole Voting Power

 

 0

    8  

 Shared Voting Power

 

13,000

    9  

 Sole Dispositive Power

 

0

   10  

 Shared Dispositive Power

 

13,000

11   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

13,000

12  

 Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

 ☐

13  

 Percent of Class Represented by Amount in Row (11)

 

 Less than 1%

14  

 Type of Reporting Person

 

 IN

 


AMENDMENT NO. 12 TO SCHEDULE 13D

This Amendment No. 12 to Schedule 13D (this “Amendment”) relates to the common stock, par value $0.001 per share (t he “Common Stock”), of LL Flooring Holdings, Inc., a Delaware corporation (“LL”). This Amendment is being filed to amend the Schedule 13D that was originally filed on May 25, 2023, as amended by Amendment No. 1 filed on May 30, 2023, Amendment No. 2 filed on June 12, 2023, Amendment No. 3 filed on August 17, 2023, Amendment No. 4 filed on November 14, 2023, Amendment No. 5 filed on January 18, 2024, Amendment No. 6 filed on April 11, 2024, Amendment No. 7 filed on April 30, 2024, Amendment No. 8 filed on May 31, 2024, Amendment No. 9 filed on June 28, 2025, Amendment No. 10 filed on July 12, 2024 and Amendment No. 11 filed on August 12, 2024 (collectively, the “Schedule 13D”). Other than information set in Items 4 and 7, no other information in the Schedule 13D is being amended. Unless otherwise indicated in this Amendment, all capitalized terms have the meanings ascribed to them in the Schedule 13D.

Item 4. Purpose of Transaction

On September 6, 2024, LumLiQ2, LLC (“LL2”), an indirect, wholly-owned subsidiary of F9 Investments, LLC, as purchaser, F9 Investments, LLC, as guarantor, and LL and certain of its subsidiaries, as sellers (collectively, the “LL Parties”), entered into an Asset Purchase Agreement (the “APA”) pursuant to which, subject to the terms and conditions of the APA, LL2 agreed to acquire certain assets of the LL Parties, including the rights to leases for 219 stores, the inventory in those stores and LL’s Sandston, Virginia distribution center, and intellectual property, and assume certain specified liabilities of the LL Parties. The APA contains customary representations and warranties of the parties and the completion of the transaction contemplated thereby is subject to a number of customary conditions, which, include, among others, the entry of an order of the U.S. Bankruptcy Court for the District of Delaware authorizing and approving the APA, the performance by each party of its obligations under the APA and the material accuracy of each party’s representations. The APA contains certain termination rights for both parties, including the right to terminate the APA if the transactions contemplated thereby are not consummated by October 30, 2024. A copy of the APA is attached hereto as Exhibit 1 and incorporated herein by reference.

Item 7. Material to Be Filed as Exhibits

 

Exhibit 1    Asset Purchase Agreement, dated as of September 6, 2024, among LumLiq2, LLC, as purchaser, F9 Investments, LLC, as guarantor, and LL Flooring Holdings, Inc. and its subsidiaries named therein, as sellers*

 

*

Certain schedules and exhibits have been omitted. The Reporting Persons agree to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.


Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: September 9, 2024     F9 INVESTMENTS, LLC
    By:   /s/ Thomas D. Sullivan
    Name:   Thomas D. Sullivan
    Title:   Managing Member, Single Member
    /s/ Thomas D. Sullivan
    Name: Thomas D. Sullivan
    /s/ John Jason Delves
    Name: John Jason Delves