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Big Lots (NYSE:BIG), Inc. (OTC:BIGGQ) has filed its monthly operating report for the period ended May 3, 2025, with the U.S. Bankruptcy Court for the District of Delaware, according to an SEC filing released Wednesday.
The report is part of the company’s ongoing Chapter 11 bankruptcy proceedings, which began when Big Lots and its subsidiaries filed voluntary petitions for relief on September 9, 2024. The cases are being jointly administered under the caption "In re: Big Lots, Inc., et al.," Case No. 24-11967 (JKS).
The monthly operating report and other bankruptcy-related filings are available through the company’s claims agent, Kroll Restructuring Administration LLC, via their website, toll-free phone number, or email.
Big Lots cautioned investors about trading in its securities during the bankruptcy proceedings, noting that trading prices "may bear little or no relationship to the actual recovery, if any, by holders of the Company’s securities." The retailer expects that holders of its common shares "will experience a complete loss on their investment."
The company also advised that the monthly operating report was prepared solely to comply with bankruptcy court requirements and not for investment decisions. The report was not audited or reviewed by independent accountants and was not prepared in accordance with generally accepted accounting principles.
Big Lots indicated it does not intend to file quarterly or annual reports for subsequent periods. Instead, until its common shares are deregistered, the company will file Current Reports on Form 8-K to disclose material events in the Chapter 11 Cases and other required information.
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