GORV

Stock Surge: Lazydays Holdings Inc. (GORV) experienced a 22.79% increase in after-hours trading to $3.76, following the announcement of a letter of intent for acquisition by Campers Inn RV, which also saw a 24.90% gain during regular trading.

Acquisition Details: Campers Inn RV intends to acquire nearly all of Lazydays' assets, but the expected sale price may be lower than the company's total debts, potentially leaving stockholders without recovery. The acquisition aims to expand Campers Inn's presence to 48 locations across 22 states.

Market Context: Despite the recent gains, GORV is down 93.46% year-over-year, with a significant decline from a peak of $26.73 in March to just $3.06, reflecting a challenging market environment for the company.

Strategic Importance: CEO Jeff Hirsch emphasized the acquisition's significance for ensuring the longevity and success of both Campers Inn RV and Lazydays traditions, marking a strategic expansion into new markets.

Acquisition Announcement: Campers Inn RV has entered into a letter of intent to acquire substantially all assets of Lazydays Holdings, aiming to enhance its national presence and service network across 22 states.

Operational Continuity and Growth Plans: Post-acquisition, Campers Inn RV plans to continue operating Lazydays' dealerships and expand services, while maintaining the core values and customer experience established by Lazydays over its 49-year history.

Acquisition Details: Campers Inn Holding Corp has signed a Letter-of-Intent to acquire significant assets from Lazydays Holdings, including its flagship dealership in Seffner, Florida, with operations continuing at several other locations.

Financial Impact: Following the announcement, Lazydays shares experienced a notable increase, rising 23% in after-hours trading after a 25% gain during regular trading.