Lazydays Executes 1-for-30 Reverse Stock Split to Strengthen Market Position

Lazydays Implements 1-for-30 Reverse Stock Split

Lazydays Holdings, Inc. has made headlines with its recent announcement regarding a 1-for-30 reverse stock split of its common shares, as approved by the company's Board of Directors. This strategic measure is set to take effect at 5:00 PM Eastern Time on July 11, 2025, with trading on Nasdaq expected to reflect these changes starting July 14, 2025.

The approved reverse stock split comes as part of Lazydays' initiative to improve its share price and regain compliance with Nasdaq's minimum bid price requirements. During the Annual Meeting of Stockholders held on July 3, 2025, shareholders endorsed a proposal to authorize such a split, enabling the Board to set the ratio between 1-for-2 and 1-for-30. This decision indicates a focused approach to maintaining the company's status on the Nasdaq Capital Market, where it trades under the ticker symbol "GORV."

According to Ron Fleming, CEO of Lazydays, the reverse stock split reflects the company’s dedication to long-term stability. He expressed gratitude for shareholders' ongoing support, emphasizing the company's commitment to executing its operational turnaround plan designed to bolster its financial health and market standing.

Under this new structure, every 30 shares of common stock will be combined into one new share. In cases where shareholders own a fractional amount post-split, Lazydays will round up their shares to the nearest whole number, ensuring no fractional shares are issued. This method will not significantly affect stockholders' percentage ownership in the company, thereby stabilizing their investment stakes despite the share consolidation.

To facilitate this transition, Continental Stock Transfer Trust Company will act as the exchange agent for the reverse stock split. For registered stockholders who hold shares in book-entry form, there will be no action required to receive post-split shares. Meanwhile, those who hold their shares through brokerage firms will find their accounts adjusted automatically in accordance with the new share structure, again requiring no actions from the stockholders.

Founded in 1976, Lazydays has established itself as a leading name in the RV industry, providing a comprehensive range of RV sales and services. The company prides itself on presenting a wide assortment of RV brands from renowned manufacturers and offering top-tier service facilities. With a strong focus on customer satisfaction, Lazydays aims to provide all necessary resources for customers whether they are seasoned RV enthusiasts or newcomers embarking on their first adventure.

Given its legacy and forward-looking approach, the recent reverse stock split is positioned as a progressive step in reinforcing the company's market presence. The initiative is part of a broader strategy to ensure that Lazydays not only encounters the present challenges but also thrives in future opportunities. As they navigate this change, Lazydays remains committed to enhancing shareholder value while delivering exceptional RV ownership experiences.

Lazydays is publicly traded on Nasdaq under the ticker "GORV," and investors and industry observers alike will be keenly watching the company's journey following this significant corporate action. This move may signal a pivotal moment for Lazydays as it strives to solidify its reputation and operational success in the competitive RV market.

In conclusion, Lazydays' execution of a reverse stock split is a calculated maneuver aimed at stabilizing its stock price and ensuring continued compliance with Nasdaq requirements. With strategic leadership and shareholder support, the company looks to enhance its standing in the RV industry and foster an environment of growth and progress moving forward.