Lazydays Holdings Announces Exciting Update on Rights Offering

Lazydays Holdings, Inc., a prominent player in the RV industry, has recently provided an update on its previously announced rights offering. The company has filed an amendment to the registration statement on Form S-1 with the Securities and Exchange Commission (SEC), signaling its commitment to growth and expansion.

The rights offering aims to raise up to $100 million in gross proceeds from the sale of the company’s common stock. Lazydays plans to issue non-transferable rights to holders of its common stock, pre-funded warrants, and series A convertible preferred stock. Each holder will receive one right for each share of common stock owned or issuable upon exercise or conversion of warrants and series A preferred stock.

One of the exciting features of the rights offering is the inclusion of an over-subscription right. This allows holders who exercise all of their basic subscription rights in full to purchase additional shares of common stock that remain unsubscribed at the expiration of the offering. The offering will also see the common stock listed on The Nasdaq Capital Market under the symbol “LAZY,” further enhancing the company’s visibility and market presence.

The net proceeds from the offering will be utilized for Lazydays’ growth initiatives, including acquisitions and new business development activities, as well as general corporate purposes such as repaying or refinancing existing or future debt facilities. This strategic approach to expansion reflects the company’s dedication to providing exceptional RV sales, service, and ownership experiences to its customers.

Lazydays has been a trusted name in the RV industry since its establishment in 1976. The company’s wide selection of RV brands, state-of-the-art service facilities, and extensive range of accessories and parts make it the go-to destination for RV enthusiasts. Whether customers are seasoned RVers or embarking on their first adventure, Lazydays’ dedicated team is committed to providing outstanding support and guidance, ensuring an extraordinary RV lifestyle.

While the record date and subscription price are yet to be determined, Lazydays will provide notice in the future once they are finalized. The company reserves the right to modify, postpone, or cancel the rights offering before the closing of the sale of the common stock.

For more information about the rights offering or to request a copy of the prospectus, interested parties can contact the Information Agent, Broadridge Corporate Issuer Solutions, Inc., at 888-789-8409.

Lazydays Holdings, Inc. continues to demonstrate its commitment to excellence and growth in the RV industry. With its strong reputation and strategic expansion plans, the company is well-positioned to meet the evolving needs of RV enthusiasts and provide exceptional experiences for years to come.