Lazydays Holdings Announces Closing of Rights Offering – RVBusiness – Breaking RV Industry News
TAMPA, Fla., — Lazydays Holdings, Inc. (NasdaqCM: GORV) announced Wednesday (Feb. 12) the closing of its previously announced rights offering, according to a release.
Pursuant to the terms of the Rights Offering, 34,334 shares of the common stock, par value $0.0001 per share (the “Common Stock”), were purchased pursuant to the exercise of basic subscription rights, and 1,548 additional shares of Common Stock were purchased pursuant to the over-subscription privilege. As sufficient shares of Common Stock were available after the expiration of the subscription period to satisfy all over-subscription privilege requests, the company honored all over-subscription privilege requests in full. In the aggregate, the company issued 35,882 shares of Common Stock at the subscription price of $1.03 per whole share of Common Stock at the closing of the Rights Offering on Feb. 12, 2025 (the “Closing”).
The company received approximately $36,958.46 in gross proceeds from the Rights Offering. As further described in the registration statement and prospectus for the Rights Offering, the Company expects to use the proceeds from the Rights Offering for working capital and general corporate purposes, including repayment of indebtedness.
Pursuant to the terms of the Rights Offering, the subscription rights (the “Rights”) that were not properly exercised by 5 p.m., Eastern Time, on Feb. 5, 2025 expired and became of no further force or effect. The Rights Offering is terminated with respect to shares not issued at the Closing.
The Rights Offering was made pursuant to the company’s registration statement on Form S-1 (File No. 333-283548), as amended, which was declared effective by the Securities and Exchange Commission (the “SEC”) on January 13, 2025. A final prospectus describing the terms of the Rights Offering was filed with the SEC on January 13, 2025.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Rights, Common Stock or any other securities, nor will there be any offer, solicitation or sale of any of the Rights, Common Stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.
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.
