Group 1 - Lazydays Holdings Inc. (GORV) experienced a significant stock price surge, increasing by 22.79% in after-hours trading to $3.76, following a 24.90% gain during regular trading, after announcing a letter of intent for acquisition by Campers Inn RV [1] - Campers Inn RV intends to acquire nearly all of Lazydays' assets and those of its subsidiaries, but Lazydays indicated in a Form 8-K filing that the expected sale price might be lower than its total debts, which could lead to no recovery for stockholders [2] - The acquisition is targeted for completion before Thanksgiving, with a final deadline of December 1, and may involve site-by-site transaction closings due to the complexity of the dealership network consolidation [3] Group 2 - The acquisition will allow Campers Inn RV to operate Lazydays dealerships in multiple states, expanding its presence to 48 locations across 22 states, marking its first entry into Tennessee, Colorado, and Utah markets [4] - CEO Jeff Hirsch emphasized the strategic importance of the acquisition, stating it would ensure the traditions of both Campers Inn RV and Lazydays endure and thrive for future generations [5] - Despite the recent gains, GORV remains down 93.46% year-over-year, having dropped 88.5% from a peak of $26.73 on March 13, closing at $3.06 yesterday [5]
Why Lazydays Stock Jumped 23% Overnight? - Lazydays Holdings (NASDAQ:GORV)