05:46 PM EDT, 08/13/2024 (MT Newswires) -- LL Flooring Holdings ( LL ) said late Tuesday the New York Stock Exchange decided to commence the delisting process of the company's common stock and suspend trading immediately.

The exchange determined that LL Flooring ( LL ) is no longer suitable for listing after the company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 in the US Bankruptcy Court for the District of Delaware, according to the company.

LL Flooring ( LL ) said it does not intend to appeal the exchange's determination and its shares will be listed on the over-the-counter market under the ticker symbol LLFLQ.