IPO - Lazydays Holdings, Inc.

Form Type: 424B4

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000114036125000937

Filing Summary: Lazydays Holdings, Inc. is conducting a Rights Offering, providing Holders of its Common Stock and Warrants non-transferable Rights to purchase up to $25 million in shares at $1.03 each. This offering is extended to Holders as of January 13, 2025, and is set to expire on February 5, 2025. Each Right allows the purchase of 1.27 shares of common stock. The company plans to use the proceeds for working capital and to stabilize its financial position amid industry-wide challenges. The Rights are distributed on a pro rata basis, excluding certain PIPE Investors who have waived their rights. Additionally, Lazydays has entered into securities purchase agreements for significant share sales, including a $30 million Private Investment in Public Equity (PIPE) transaction and asset sales associated with Camping World Holdings. A Financing Committee of independent directors recommended the Rights Offering, which aims to support the company’s balance sheet and address financial covenants with its creditors. Full subscription is anticipated to yield $25 million in gross proceeds prior to expenses, with subscriptions directed to Broadridge Corporate Issuer Solutions, LLC as the subscription agent.

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Form Type: S-1/A

Filing Date: 2025-01-07

Corporate Action: Ipo

Type: Update

Accession Number: 000114036125000439

Filing Summary: Lazydays Holdings, Inc. filed Amendment No. 1 to Form S-1 to register shares under the Securities Act of 1933, involving a Rights Offering to purchase up to $25,000,000 in shares of common stock at a price of $1.03 per share. All holders of the company’s common stock and outstanding warrants as of a specified record date will receive non-transferable rights to purchase shares, with an expected total of approximately 24,271,844 shares available. If fully subscribed, aggregate gross proceeds are anticipated to reach $25,000,000 prior to costs. The Rights Offering is set to expire on February 5, 2025. This filing outlines the company's need for additional capital in light of challenges in the recreational vehicle retail sector and prior financial performance, leading to necessary amendments in existing credit agreements and the structuring of a PIPE investment with major investors. Risk factors are emphasized, and investors are encouraged to consider these carefully. The document notes prior sales and market performance, including a recent stock price.

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Form Type: CORRESP

Filing Date: 2025-01-07

Corporate Action: Ipo

Type: New

Accession Number: 000114036125000440

Filing Summary: Lazydays Holdings, Inc. has submitted a request for the acceleration of the effectiveness of its Registration Statement on Form S-1, which is filed under File No. 333-283548. The company aims for the Registration Statement to become effective on January 13, 2025, at 4:00 p.m. Eastern time. Additional acknowledgments include the company’s recognition that the SEC's declaration of effectiveness does not shield it from future actions regarding the Statement, and it remains fully responsible for the accuracy and sufficiency of its disclosures. Furthermore, the company indicated that it cannot use the declaration of effectiveness as a defense in any federal proceedings. Contact information for legal representatives is also provided for any inquiries regarding the matter.

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Form Type: CORRESP

Filing Date: 2025-01-03

Corporate Action: Ipo

Type: New

Accession Number: 000114036125000205

Filing Summary: Lazydays Holdings, Inc. has submitted a request for the acceleration of the effectiveness of its Registration Statement on Form S-1 (File No. 333-283838) to January 7, 2025, at 5:00 p.m. Eastern time. The company acknowledges that the effectiveness declaration does not exempt it from responsibility for the adequacy and accuracy of the disclosure in the Registration Statement. It further states that it cannot use the effectiveness declaration as a defense in any related proceedings initiated under federal securities laws. The company has designated contacts at Stoel Rives LLP for any inquiries regarding this matter.

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Form Type: S-1/A

Filing Date: 2025-01-03

Corporate Action: Ipo

Type: New

Accession Number: 000114036125000204

Filing Summary: Lazydays Holdings, Inc. filed an amended registration statement on Form S-1 with the SEC on January 3, 2025, indicating plans for an initial public offering. The offering includes 90,559,196 shares of common stock and warrants to purchase an additional 10,194,174 shares. The shares are being sold by certain selling securityholders who include investors from a Securities Purchase Agreement as well as holders of preferred stock. The company will not receive proceeds from the sale of these shares but estimates up to $39 million could be generated from warrant exercises, which would be deployed for working capital. Additionally, the document outlines the company’s intention to conduct a rights offering for existing shareholders, allowing them to purchase shares at a set price. Key financial details also highlight the company’s strategy moving forward, including a focus on operational efficiencies and potential growth by leveraging its substantial scale in the RV market. The filing addresses risks associated with investments in the securities and notes the company's position as an emerging growth company.

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