Lazydays Hldgs Inc Stock Price, News & Analysis

Lazydays Holdings (NASDAQ:GORV) has successfully completed the sale of its Tulsa, Oklahoma location's assets and real estate to Ron Hoover RV & Marine. CEO Ron Fleming highlighted that this strategic divestment aligns with the company's goals of debt reduction and balance sheet strengthening. The transaction was executed efficiently, allowing Lazydays to maintain focus on its core store locations.

Lazydays Holdings (NASDAQ:GORV) has implemented a 1-for-30 reverse stock split effective July 11, 2025, at 5:00 p.m. Eastern time. The company's common stock will begin trading on an adjusted basis on July 14, 2025, under the same symbol "GORV" but with a new CUSIP number 52110H209.

The primary purpose of this reverse split is to increase the per share market price to regain compliance with Nasdaq Capital Market's minimum bid price requirement. The split automatically combines every 30 shares into one new share, with fractional shares being rounded up to the nearest whole number. Stockholders' percentage ownership remains largely unchanged, except for minimal adjustments due to rounding.

Lazydays Holdings (NASDAQ:GORV) has announced a 1-for-30 reverse stock split effective July 11, 2025, at 5:00 p.m. Eastern time. The company's stock will begin trading on an adjusted basis on July 14, 2025, under the same symbol "GORV" but with a new CUSIP number 52110H209.

The primary purpose of this reverse split is to increase the company's per share market price to regain compliance with Nasdaq's minimum bid price requirement. The split was approved by stockholders at the Annual Meeting on July 3, 2025. For every 30 shares held, stockholders will receive one new share, with fractional shares rounded up to the nearest whole number.

Continental Stock Transfer & Trust Company will serve as the exchange agent, with automatic adjustments for electronic holdings and specific instructions to be provided for certificate holders.

Lazydays Holdings (NASDAQ:GORV) has appointed Ron Fleming as permanent Chief Executive Officer, following his role as Interim CEO since September 2024. Fleming, a veteran with over 40 years of RV industry experience, previously served in various leadership positions at Lazydays from 2013 to 2023, including Senior Vice President of Operations.

Under Fleming's interim leadership, he implemented an operational turnaround plan and executed strategic transactions to stabilize the business. His extensive experience includes managing the company's flagship Tampa dealership and overseeing all Lazydays locations as Vice President and National General Manager. Fleming was also instrumental in the company's public listing in 2018.

Lazydays Holdings (NASDAQ:GORV) has entered into a definitive agreement to sell its Tulsa, Oklahoma location's assets and real estate to Ron Hoover RV & Marine. The transaction is expected to complete in the coming weeks.

The sale aligns with Lazydays' strategy to streamline operations and strengthen its financial position by bringing cash to the balance sheet and reducing debt. For Ron Hoover RV & Marine, this acquisition represents a strategic expansion into the Tulsa market, following their initial Oklahoma presence in Oklahoma City.

Lazydays Holdings (NASDAQ: GORV) has completed significant liquidity-enhancing transactions through agreements with its lenders, generating $14 million in liquidity and reducing non-floorplan debt by $15 million. The company achieved this through the divestiture of non-core dealerships in Mesa (AZ), Fort Pierce (FL), Longmont (CO), and Las Vegas (NV), with the Las Vegas transaction expected to close shortly. These strategic moves reduce the company's non-floorplan indebtedness to approximately $44 million and lower interest expenses. CEO Ron Fleming emphasized that these agreements provide enhanced liquidity and flexibility to advance their turnaround strategy, focusing on revitalizing core dealership operations while streamlining their footprint through non-core asset sales.

Lazydays Holdings (GORV) has completed the sale of its Longmont, Colorado location to General RV Center, marking the final transaction in a previously announced three-store deal. General RV, a third-generation family-owned business, sees this acquisition as part of its expansion strategy, marking its first entry into Colorado. The company has significantly grown in recent years, nearly doubling its Supercenter count to 23 locations across nine states. Lazydays will maintain its presence in Colorado through its legacy store in Loveland, which has been operational for almost a decade. This transaction aligns with Lazydays' strategy to streamline its operations while enabling General RV to expand its geographical footprint and customer service capabilities.

Lazydays Holdings (GORV) has completed the asset and real estate sale of its Ft. Pierce, Florida location to General RV Center. This transaction marks the second previously announced divestiture, with the final remaining sale in Longmont, Colorado expected to close in the coming weeks. The sale aligns with Lazydays' strategy to streamline operations and optimize its dealership footprint while reducing debt and improving cash position. For General RV, the acquisition enhances their existing Fort Pierce Supercenter operations established in 2023, providing an expanded facility with strategic I-95 access. General RV has experienced significant growth, nearly doubling its Supercenter count nationwide over the past three years, now operating more than 20 locations across nine states, with their most recent expansion being the Mesa, Arizona location acquired in May 2025.

Lazydays Holdings (GORV) has successfully completed the sale of its Mesa, Arizona location to General RV Center. This transaction is part of Lazydays' broader operational turnaround plan and strategy to rightsize its dealership footprint. Two additional divestitures in Longmont, Colorado and Fort Pierce, Florida are expected to be completed in the coming weeks.

For General RV, this marks their first entry into Arizona, expanding their presence to nine states. The company, a third-generation family-owned business led by CEO Loren Baidas, has shown significant growth, nearly doubling its Supercenter count nationwide over the past three years to more than 20 locations across states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania, and Michigan.