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Big Lots (NYSE:BIG), Inc. (OTC:BIGGQ) filed its monthly operating report for the period ended May 31, 2025, with the U.S. Bankruptcy Court for the District of Delaware, according to a statement released Friday and based on a recent SEC filing.
The company and its subsidiaries have been operating under Chapter 11 bankruptcy protection since September 9, 2024. The Bankruptcy Court has granted joint administration of the cases under Case No. 24-11967 (JKS).
The May monthly operating report, attached as Exhibit 99.1 to the filing, was submitted to comply with court requirements. Big Lots cautioned that the report was not prepared in accordance with generally accepted accounting principles, was not audited or reviewed by independent accountants, and is subject to future adjustments and reconciliation. The company stated that the report is limited in scope and should not be considered indicative of its financial condition or future results.
Big Lots also reiterated that trading in its securities during the Chapter 11 proceedings is highly speculative and poses substantial risks. The company expects that holders of its common shares may experience a complete loss on their investment.
The company does not intend to file quarterly or annual reports while its shares remain registered, opting instead to provide updates through current reports on Form 8-K, which will include monthly operating reports and material developments related to the bankruptcy process.
This information is based on a press release statement included in the company’s recent SEC filing.
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