F9 Investments, LLC, Thomas D. Sullivan and Jason Delves entered into to a letter of intent to acquire remaining 91.3% stake in LL Flooring Holdings, Inc. (NYSE:LL) for $99 million.

F9 Investments, LLC, Thomas D. Sullivan and Jason Delves entered into to a letter of intent to acquire remaining 91.3% stake in LL Flooring Holdings, Inc. (NYSE:LL) for $99 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.