Lazydays Holdings, Inc. SEC filings document material events for an RV dealership operator undergoing significant capital-structure and operating changes. Form 8-K disclosures cover operating results, material definitive agreements, floor plan credit facility waivers, potential defaults, shareholder voting matters, governance updates, and common-stock actions.
The filing record also documents completed asset dispositions, including sales of dealership sites and related real estate or rights, use of proceeds to repay senior secured obligations, bankruptcy or receivership-related assignment disclosures, and Nasdaq listing-rule and delisting notices. These filings provide formal disclosure of the company’s business transition, creditor arrangements, capital structure, and public-company governance.
Lazydays Holdings, Inc. has effectively shut down its business. The company completed the final closing of its asset sale to CIRV Group affiliates, receiving approximately $88.1 million for four dealership sites; about $86.0 million was used to repay senior secured debt under its credit agreement and roughly $2.1 million covered transaction expenses, leaving no cash for the company.
After this closing, Lazydays transferred all remaining assignable assets to a third-party assignee for the benefit of creditors and agreed to pay that advisor a $225,000 fee (less a $40,000 advance) plus 9.0% of proceeds from the assigned estate. The company filed a certificate of dissolution effective November 28, 2025, ceased operations, terminated all remaining employees, and its common stock was voluntarily delisted from Nasdaq. Lazydays states it does not expect any liquidating distribution, so common stockholders are expected to suffer a complete loss on their investment.
Lazydays Holdings, Inc. (GORV) reports a series of asset sales to CIRV Group entities covering multiple RV dealership Sites across Oregon, Tennessee, Iowa, Arizona, Colorado, Utah, Minnesota, Ohio and Texas. Purchase prices included approximately $53.3 million for several Sites closed on November 19, 2025, $5.3 million for certain Knoxville, Tennessee real estate, $31.9 million for additional western and midwestern Sites, $39.7 million for Sites in Ohio, Texas and Colorado, and $13.3 million for further Knoxville real estate. In each case, nearly all proceeds were used to repay senior secured debt and related obligations, with the remainder covering transaction expenses and taxes, and no cash retained by the Sellers.
The company reiterates that, after completing remaining Site closings, it will have sold substantially all assets, will wind up and dissolve under an Amended Plan of Liquidation and Dissolution, its obligations are expected to exceed its assets, and stockholders are expected to receive no return and suffer a complete loss on their investment. The Nasdaq listing of its common stock is expected to be terminated on November 28, 2025.
Lazydays Holdings, Inc. (GORV) reported an insider stock sale by a director. On 11/19/2025, the director sold 1,714 shares of common stock at a price of $1.08 per share, coded as a sale transaction. Following this trade, the reporting person disclosed owning 0 shares of Lazydays common stock.
The disclosure also notes that on July 11, 2025, at 5:00 pm Eastern time, Lazydays implemented a 1-for-30 reverse stock split of its common stock. The number of shares shown in this report has been adjusted to reflect that reverse split.
Lazydays Holdings (GORV) filed its Q3 2025 10‑Q reporting substantial doubt about continuing as a going concern amid planned asset sales and a stockholder‑approved Plan of Dissolution. Q3 revenue was $101.4 million, with a net loss of $82.4 million driven by $63.9 million of impairment. For the first nine months, revenue was $398.5 million and net loss was $116.5 million.
All 12 dealerships were reclassified as held for sale. The company executed an Asset Purchase Agreement on October 6, 2025, with closings targeted between November 17 and November 26, 2025; proceeds are expected to repay obligations under its credit facilities and a Knoxville mortgage. Stockholders approved the Plan of Dissolution on October 14, 2025, and the company expects no distributions to stockholders after liabilities are paid. Cash was $9.5 million at September 30, 2025; floor plan notes payable were $184.0 million and the revolving credit facility balance was $27.7 million. Stockholders’ equity was a deficit of $26.3 million.
A 1‑for‑30 reverse stock split became effective July 11, 2025. Shares outstanding were 3,735,655 as of November 6, 2025.
Lazydays Holdings (GORV) will voluntarily delist its common stock from Nasdaq. The Board decided on November 7, 2025 to proceed and notified Nasdaq the same day. The company plans to file Form 25 on or about November 17, 2025; effectiveness is expected ten days later, with delisting on or about November 28, 2025. The company has not arranged listing on another national exchange or quotation medium and gives no assurance that trading will continue on any over-the-counter market.
Lazydays Holdings (GORV) amended its lender waiver to support ongoing asset sales and a planned wind‑down. On October 29, 2025, the company signed a First Amendment to its Limited Waiver and Consent under its floor plan Credit Agreement, extending relief for specified defaults during a Waiver Period that began September 12, 2025 and lasts until the earlier of 11:59 p.m. Eastern on December 1, 2025 or a new default.
The waiver covers potential defaults including missed vehicle curtailment and interest payments and related cross‑defaults. Lenders consented to asset sales to entities with common ownership to Campers Inn Holding Corporation, with net proceeds applied to repay Credit Agreement obligations, while certain non‑vehicle proceeds may go to the company’s First Horizon Bank mortgage. The amendment adds defaults tied to litigation notice failures and a change in control resulting from the stockholder‑approved Amended Plan of Liquidation and Dissolution on October 14, 2025.
During the Waiver Period, inventory eligibility is eased to allow higher borrowing and the company may retain up to $4,500,000 of certain asset sale proceeds for working capital. The company states that after completing all asset sales, it would have no remaining operations and expects remaining matters to be governed by the adopted liquidation plan.
Lazydays Holdings, Inc. (GORV) approved an Asset Sale and a Plan of Dissolution by written consent of majority stockholders. The company signed an Asset Purchase Agreement with affiliates of Campers Inn under which buyers will acquire substantially all assets via site-by-site closings. Consideration includes $30 million for assets other than RV inventory and owned real property, RV inventory priced per agreed formulas, and $34.9 million for owned real property.
The transaction requires HSR waiting-period completion and will become effective no earlier than 20 days after mailing of this information statement. Lazydays states proceeds will be applied by contractual priority, primarily to secured lenders, and expects it will not have sufficient cash to repay all unsecured creditors in full. Following the sale, the company expects to wind up and liquidate. The company cautions that no liquidating distributions are expected for stockholders, implying a significant or complete loss of investment.
Lazydays Holdings, Inc. has signed a definitive agreement to sell substantially all of its assets to CIRV Group, LLC and an affiliate, with total consideration including $30 million for operating assets (excluding RV inventory and owned real estate), a separately calculated amount for RV inventory based on agreed formulas, and $34.9 million for owned real property. The sales will close site by site, subject to antitrust clearances, required stockholder approvals and third-party consents.
In connection with these asset sales, the Board approved a Plan of Liquidation and Dissolution, subject to stockholder approval, under which remaining assets may be liquidated and the company dissolved. Lazydays states that, after paying secured debt, it expects it likely will not have enough cash to repay all unsecured creditors in fullno value would be available for common stockholders. The company warns that its common stock and other securities are highly speculative and that stockholders face a significant or complete loss of their investment.