LAZYDAYS HOLDINGS, INC. ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT AND COMMENCEMENT OF RIGHTS OFFERING

Core Viewpoint - Lazydays Holdings, Inc. has announced the effectiveness of its rights offering, allowing existing shareholders to purchase additional shares at a specified price, with the aim of raising approximately $23.64 million for working capital and debt repayment [1][4]. Rights Offering Details - The rights offering will distribute one non-transferable right for every share of common stock owned as of January 13, 2025, allowing holders to purchase 1.27 shares at a subscription price of$1.03 per share [2][4]. - Holders who fully exercise their basic subscription rights may also participate in an over-subscription right to purchase any unsubscribed shares, subject to pro rata allocation [3]. Financial Projections - If fully subscribed, the company expects to issue approximately 24,271,844 shares of common stock and receive net proceeds of about $23,639,500 after deducting estimated offering expenses [4]. Subscription Process - Rights certificates and a prospectus will be mailed to eligible holders starting January 14, 2025, with the subscription period ending on February 5, 2025 [5][6]. - Shares issued from the rights offering will be listed on Nasdaq under the symbol "GORV," while the rights themselves will not be transferable or listed on any exchange [7]. Company Background - Lazydays has been a significant player in the RV industry since 1976, known for its exceptional RV sales and services, and aims to maintain strong relationships with RV enthusiasts [12][13].