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0.00711943044556428 -0.000559955203583829 -0.0480761539076874 -0.0720742340612751 -0.184065274778018 -0.0720742340612751 -0.0759939204863612 -0.0560755139588833
Stock impact report

LAZYDAYS ANNOUNCES COMPREHENSIVE RECAPITALIZATION AND ASSET SALES RESULTING IN SIGNIFICANTLY STRENGTHENED BALANCE SHEET AND STREAMLINED OPERATIONAL FOOTPRINT [Yahoo! Finance]

Lazydays Holdings, Inc. (GORV) 
NASDAQ:AMEX Investor Relations: goldenriverresources.com
Company Research Source: Yahoo! Finance
Company expected to have $35 million of cash, bringing net debt down to $26 million TAMPA, Fla. Nov. 15, 2024 /PRNewswire/ -- Lazydays Holdings, Inc. ("Lazydays," the "Company," "we" or "us") (NasdaqCM: GORV) today announced a series of transformative transactions designed to provide the Company with a significantly strengthened financial foundation and a more focused dealership portfolio. These transactions, which include a comprehensive recapitalization and certain asset sales, will result in meaningful reductions in the Company's debt, interest and preferred stock dividend payments, substantial added cash to the balance sheet, and an improvement in the underlying earnings power of the business. Transaction Highlights We agreed to sell seven dealerships, including real estate where applicable, and issue common stock to certain indirect subsidiaries of Camping World Holdings, Inc. ("Camping World") for a combined $65.5 million , subject to conditions. We agreed to sell one a Show less Read more
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