Lazydays Holdings, Inc. announced plans to delist its common stock from The Nasdaq Capital Market.
According to a press release, the company expects the delisting to become effective around November 28, after completing required notifications to Nasdaq and the U.S. Securities and Exchange Commission (SEC). Once effective, trading of Lazydays’ common stock on Nasdaq will cease.
The decision follows Lazydays’ previously announced Asset Purchase Agreement with affiliates of Campers Inn Holding Corporation, under which Lazydays and its subsidiaries will sell substantially all of their assets.
Stockholders approved the transaction on October 14, and the asset sale is expected to close in stages between November 17 and November 26.
After the sale, Lazydays and its subsidiaries plan to wind up their operations under a Plan of Liquidation and Dissolution, also approved by stockholders on October 14.
The company stated that delisting is in the best interests of the business and its residual claimants, given that the costs and obligations of remaining a listed company outweigh any benefits.
In its announcement, Lazydays cited several factors influencing the decision, including continued operating losses, limited cash resources, significant debt, and the lack of alternative strategic options.
The company also noted that proceeds from the asset sale will primarily go toward repaying debt and other obligations, and it does not expect to generate any return for stockholders once liquidation is complete.
To support an orderly delisting process, Lazydays plans to file a Form 25 with the SEC on or about November 17.
The company has not arranged for listing or quotation of its stock on another exchange or platform and cannot confirm whether trading will continue on over-the-counter markets.
The delisting marks a major shift for one of the most recognized RV dealership networks in North America, signaling the end of its operations as a public company and highlighting broader financial and operational pressures across segments of the RV industry.