Lazydays announces cancellation of rights offering to stockholders

Lazydays announced that it has cancelled its previously announced rights offering of shares of the Company’s common stock, par value $0.0001 per share that had been made to holders of the Company’s Common Stock, pre-funded warrants and series A convertible preferred stock. Given current industry conditions, as well as the decline in the Common Stock price from the date of the announcement, the Company has decided to cancel the rights offering. As a result, Lazydays will seek alternative sources of funding, including mortgage financing on owned real estate, while prioritizing optimizing the performance of its existing store base. “The Board is grateful for the work that is underway to improve the Company’s operational and financial performance,” said Chris Shackelton, Chairman of the Board. “Furthermore, we strongly believe the leadership team is on track to create substantial shareholder value over the coming years.”