LazyDays RV Group Successfully Completes 1-for-30 Reverse Stock Split
Tempe, AZ – July 11, 2025 – LazyDays RV Group, Inc. (Nasdaq: LAZY), a prominent national retailer of recreational vehicles, announced today the successful closing of its previously announced 1-for-30 reverse stock split. The corporate action, approved by the company’s stockholders at their annual meeting on May 15, 2025, became effective at 5:00 PM Eastern Time today.
This strategic move by LazyDays RV Group aims to adjust the number of outstanding shares of its common stock, with every thirty shares of issued and outstanding common stock being combined into one share. This adjustment is expected to increase the per-share market price of the company’s common stock.
The reverse stock split is a common corporate tool often employed by companies to meet certain exchange listing requirements, improve the marketability of their stock, or for other strategic financial reasons. By consolidating shares, companies often aim to present a more attractive stock price to institutional investors and potentially attract a broader range of shareholders.
As a result of the reverse stock split, the number of issued and outstanding shares of LazyDays RV Group common stock will be reduced proportionately. The company’s common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market at the market open on Monday, July 14, 2025, under a new CUSIP number. The ticker symbol “LAZY” will remain the same.
Shareholders who would otherwise be entitled to fractional shares as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares. The company’s transfer agent, American Stock Transfer & Trust Company, LLC, will handle the mechanics of the reverse stock split and the distribution of cash for fractional shares.
LazyDays RV Group anticipates that this consolidation of its outstanding shares will contribute positively to its financial and strategic objectives moving forward. The company remains focused on its core business operations and its commitment to providing exceptional service and products to its customers across its network of dealerships.
About LazyDays RV Group, Inc.
LazyDays RV Group, Inc., headquartered in Tempe, Arizona, is a leading national retailer of recreational vehicles. The company operates a network of dealerships across the United States, offering a comprehensive selection of new and used RVs, along with a full range of RV services, including maintenance, repair, and parts. LazyDays is dedicated to enhancing the RV lifestyle for its customers through quality products and unparalleled customer support.
LAZYDAYS ANNOUNCES CLOSING OF 1-FOR-30 REVERSE STOCK SPLIT
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