Thu Dec 19 19:10:00 UTC 2024: ## Big Lots Cancels Nexus Capital Sale, Begins Going-Out-of-Business Sales

**COLUMBUS, OH – December 19, 2024** – Big Lots, Inc. announced today that it will not be completing its previously agreed-upon sale to Nexus Capital Management. While the company remains hopeful of securing an alternative buyer for a going-concern transaction by early January, it has initiated going-out-of-business (GOB) sales at all its remaining stores.

This decision, according to President and CEO Bruce Thorn, was made to protect the value of Big Lots’ assets. The GOB sales will run concurrently with the ongoing search for a buyer to keep the company operational. Customers can continue to shop both in-store and online.

Further information regarding the proceedings, including instructions on filing claims, is available online at https://cases.ra.kroll.com/biglots, by phone at (844) 217-1398 (or +1 (646) 809-2073 for international calls), or by email at [email protected]

Big Lots is working with several advisors, including Davis Polk & Wardwell LLP (legal counsel), Guggenheim Securities, LLC (financial advisor), AlixPartners LLP (restructuring advisor), and A&G Real Estate Partners (real estate advisor).

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