LAZYDAYS ANNOUNCES CLOSING OF 1-FOR-30 REVERSE STOCK SPLIT
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) ha effettuato un split azionario inverso 1-per-30 con effetto dal 11 luglio 2025, alle ore 17:00 ora Eastern. Le azioni ordinarie della società inizieranno a essere negoziate su base rettificata a partire dal 14 luglio 2025, mantenendo lo stesso simbolo "GORV" ma con un nuovo numero CUSIP 52110H209.
Lo scopo principale di questa operazione è incrementare il prezzo per azione per tornare a rispettare il requisito minimo di prezzo per azione richiesto dal Nasdaq Capital Market. Lo split combina automaticamente ogni 30 azioni in una nuova azione, con le frazioni arrotondate per eccesso al numero intero più vicino. La percentuale di proprietà degli azionisti rimane sostanzialmente invariata, salvo lievi aggiustamenti dovuti all'arrotondamento.
Lazydays Holdings (NASDAQ:GORV) ha implementado un split inverso de acciones 1 por 30 efectivo el 11 de julio de 2025 a las 5:00 p.m., hora del Este. Las acciones comunes de la empresa comenzarán a cotizar en base ajustada el 14 de julio de 2025, bajo el mismo símbolo "GORV" pero con un nuevo número CUSIP 52110H209.
El objetivo principal de esta división inversa es incrementar el precio por acción para cumplir nuevamente con el requisito mínimo de precio por acción del Nasdaq Capital Market. La división combina automáticamente cada 30 acciones en una nueva acción, redondeando las fracciones al número entero más cercano hacia arriba. La participación porcentual de los accionistas permanece prácticamente sin cambios, salvo pequeños ajustes por redondeo.
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Lazydays Holdings (NASDAQ:GORV) a réalisé un regroupement d'actions inversé au ratio de 1 pour 30 effectif à partir du 11 juillet 2025 à 17h00 heure de l'Est. Les actions ordinaires de la société commenceront à être négociées sur une base ajustée à compter du 14 juillet 2025, sous le même symbole "GORV", mais avec un nouveau numéro CUSIP 52110H209.
L'objectif principal de ce regroupement est de faire augmenter le prix par action afin de se conformer à nouveau à l'exigence minimale du prix d'offre du Nasdaq Capital Market. Le regroupement combine automatiquement chaque tranche de 30 actions en une seule nouvelle action, les fractions d'actions étant arrondies à l'entier supérieur le plus proche. La part de propriété des actionnaires reste globalement inchangée, à l'exception de légers ajustements dus à l'arrondi.
Lazydays Holdings (NASDAQ:GORV) hat zum 11. Juli 2025, 17:00 Uhr Eastern Time, einen Reverse Stock Split im Verhältnis 1 zu 30 durchgeführt. Die Stammaktien des Unternehmens werden ab dem 14. Juli 2025 zu einem angepassten Kurs unter dem gleichen Symbol "GORV" gehandelt, jedoch mit einer neuen CUSIP-Nummer 52110H209.
Der Hauptzweck dieses Reverse Splits ist es, den Aktienkurs pro Anteil zu erhöhen, um die Einhaltung der Mindestgebotspreisanforderung des Nasdaq Capital Market wiederherzustellen. Dabei werden automatisch jeweils 30 Aktien zu einer neuen Aktie zusammengefasst, wobei Bruchteile auf die nächsthöhere ganze Zahl aufgerundet werden. Der prozentuale Anteil der Aktionäre bleibt weitgehend unverändert, abgesehen von minimalen Anpassungen durch Rundung.
- None.
- Indicates company is struggling to maintain Nasdaq listing requirements
- Could signal financial distress or market weakness
Insights
Lazydays' 1-for-30 reverse split aims to regain Nasdaq compliance but signals underlying stock price weakness without addressing fundamental issues.
Lazydays Holdings has executed a 1-for-30 reverse stock split primarily to regain compliance with Nasdaq's minimum bid price requirement. This defensive maneuver artificially inflates the share price without changing the company's underlying value or market capitalization. The stock will begin trading on the adjusted basis on July 14 under the same ticker but with a new CUSIP number.
The need for such a steep ratio (1-for-30) suggests Lazydays' shares had fallen significantly below Nasdaq's
This action represents a technical solution to maintain listing status rather than addressing fundamental business challenges. Reverse splits of this magnitude are typically viewed negatively as they often indicate underlying financial distress. For context, companies implementing reverse splits historically underperform the market in subsequent periods.
Continental Stock Transfer & Trust will manage the exchange process, with most adjustments happening automatically for shareholders. The company's decision to round fractional shares up to the nearest whole share is a minor positive for small shareholders who might otherwise lose partial positions.
The Reverse Stock Split is primarily intended to increase the Company's per share market price of its Common Stock to seek to regain compliance with the minimum per share bid price requirement for continued listing on The Nasdaq Capital Market.
As a result of the Reverse Stock Split, every 30 shares of the Common Stock were automatically combined into one new share of Common Stock. No fractional shares will be issued in connection with the Reverse Stock Split. If the shares of Common Stock held by any holder of Common Stock immediately prior to the Reverse Stock Split are collectively reclassified pursuant to the Reverse Stock Split into a fractional number of shares of Common Stock, the Company will issue to such holder such fractions of a share of Common Stock as are necessary to round the number of shares of Common Stock held by such holder immediately following the Reverse Stock Split up to the nearest whole number of shares. The Reverse Stock Split will not alter stockholders' percentage ownership interest in the Company, except to the extent of any de minimis change due to rounding up as described above.
The Company's transfer agent, Continental Stock Transfer & Trust Company, will serve as the exchange agent for the Reverse Stock Split. Registered stockholders holding pre-reverse split shares of the Company's Common Stock electronically in book-entry form are not required to take any action to receive post-reverse split shares. Those stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to each broker's particular processes, and will not be required to take any action in connection with the Reverse Stock Split. Any stockholder of record holding shares of the Company's Common Stock in certificate form will receive a transmittal letter from Continental Stock Transfer & Trust Company with instructions as soon as practicable after the Reverse Stock Split.
About Lazydays
Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs.
Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.
Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker "GORV."
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as "will," "prospect," "future," "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "may," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," or "target" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements regarding the Company's ability to regain compliance with Nasdaq's listing standards.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future events (including the Company's ability to regain or maintain compliance with Nasdaq listing requirements after the Reverse Stock Split). Actual future events and our results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual events or results to differ materially from future events or estimated or projected results include, without limitation, future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and in the notes to our financial statements in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the
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SOURCE Lazydays RV