Lazydays Holdings to Implement Reverse Stock Split at 1:30 Ratio

Lazydays Holdings announced a 1-for-30 reverse stock split approved by its Board of Directors. The split will be effective July 11, 2025, and the company's common stock will begin trading adjusted on July 14, 2025, on the Nasdaq Capital Market. The move aims to maintain the company's listing on the exchange, which requires a minimum stock price of $1. The reverse stock split will reduce the number of shares outstanding and increase the stock price.

Lazydays Holdings, Inc. (NasdaqCM: GORV), a prominent player in the RV industry, has announced a significant corporate action. The company's Board of Directors has approved a 1-for-30 reverse stock split, which will be effective July 11, 2025. This move aims to increase the per-share price of the company's common stock and regain compliance with the Nasdaq Capital Market's minimum stock price requirement of $1.00 [1].

The reverse stock split will combine every 30 shares of the company's common stock into one new share. This action is expected to begin trading on a reverse stock split adjusted basis on the Nasdaq Capital Market at market open on July 14, 2025, under the existing symbol "GORV" and the new CUSIP number 52110H209 [1].

The decision to implement a reverse stock split follows a proposal approved by stockholders at the company's Annual Meeting of Stockholders held on July 3, 2025. The proposal authorized a reverse stock split by a ratio of at least 1-for-2 and up to 1-for-30, as determined by the Board of Directors [1].

Ron Fleming, CEO of Lazydays, stated, "This strategic initiative reflects our commitment to the long-term strength and stability of Lazydays. We are grateful for the continued support of our shareholders and remain focused on executing our operational turnaround plan" [1].

The reverse stock split will not alter stockholders' percentage ownership interest in the company, except for any de minimis change due to rounding up. The company's transfer agent, Continental Stock Transfer & Trust Company, will serve as the exchange agent for the reverse stock split [1].

This move is part of a broader trend seen in the market where companies are taking proactive steps to meet listing requirements and maintain compliance with exchange regulations. Similar actions have been taken by other companies, such as AlphaTime Acquisition Corp, which recently regained compliance with Nasdaq listing requirements [2].

Forward-looking statements included in this announcement are subject to risks and uncertainties, which may cause actual events to differ materially from those expressed or implied by such statements. These risks and uncertainties are discussed in the company's filings with the U.S. Securities and Exchange Commission [1].

References:
[1] https://www.prnewswire.com/news-releases/lazydays-announces-1-for-30-reverse-stock-split-302501695.html
[2] https://www.globenewswire.com/news-release/2025/07/10/3112958/0/en/AlphaTime-Acquisition-Corp-Transfers-to-the-Nasdaq-Capital-Market-and-Regains-Compliance-with-Nasdaq-Listing-Requirements.html