Lazydays Holdings, Inc. (NASDAQ:GORV), a prominent player in the recreational vehicle (RV) industry, has announced a reverse stock split set to take place on July 14, 2025. The company, known for its comprehensive range of RVs and related services, including maintenance and financing, aims to enhance its market position and meet Nasdaq's minimum bid price requirement through this strategic move.
The reverse stock split, approved by GORV's Board of Directors and its stockholders, will see shareholders receive 1 share for every 30 shares they currently hold. This decision, effective as of 5:00 p.m. Eastern time on July 11, 2025, was formalized through the filing of a Certificate of Amendment with the Secretary of State of Delaware. Trading on a split-adjusted basis under the same ticker symbol, GORV, but with a new CUSIP number, 52110H209, will commence on the specified date.
Currently, GORV's stock is trading at $0.2394, marking a slight increase of 0.67% with a change of $0.0016. The stock has experienced significant volatility over the past year, with a high of $3.56 and a low of $0.132. With a market capitalization of approximately $26.4 million and a trading volume of 1,220,191 shares on the NASDAQ exchange today, the reverse stock split is anticipated to positively influence the stock's market price, potentially attracting more investors and bolstering the company's financial health.
