TAMPA, Fla., July 11, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: GORV) today announced that the Company filed a Certificate of Amendment to the Company's Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding common stock, par value $0.0001 per share (the "Common Stock") by a ratio of 1-for-30. The Reverse Stock Split took effect a ...

Core Insights - Lazydays Holdings, Inc. has executed transactions to generate $14 million in liquidity and reduce non-floorplan indebtedness by $15 million, enhancing its financial stability [1][2] - The company aims to strengthen its balance sheet, improve operational performance, and strategically divest non-core assets [1][2] Financial Transactions - The transactions involve retaining approximately $14 million from divestitures of non-core dealerships and associated real estate, while repaying about $15 million in non-floorplan indebtedness, bringing the total non-floorplan indebtedness down to approximately $44 million [2][7] - This reduction in debt is expected to meaningfully lower interest expenses for the company [2] Divestiture Details - Recent divestitures include: - Dealership in Mesa, AZ, closed on May 30, 2025 - Dealership and related real estate in Fort Pierce, FL, closed on June 6, 2025 - Dealership in Longmont, CO, closed on June 13, 2025 - Dealership and related real estate in Las Vegas, NV, expected to close later this week [7] Management Commentary - The CEO of Lazydays expressed satisfaction with the agreements reached with lenders, highlighting the enhanced liquidity position and flexibility to advance the company's turnaround strategy [2]