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LazyDays - Dissolving

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MemoriesByTheMile

RVF 1K Club
Joined
Mar 8, 2021
Messages
1,111
Location
Where ever the road takes us
RV Year
2014
RV Make
Renegade
RV Model
Ikon
RV Length
45’
Chassis
Freightliner Cascadia 126
Engine
Cummins ISX 15/600
Fulltimer
Yes
We knew that LazyDays was selling off a bunch of assets to Campers Inn but saw that LazyDays filed a 8k on Oct 10 and a PREM14C on Oct 15. In my non-lawyer/layman understanding it appears they intend to sell all their remaining assets to Campers Inn and dissolve after these assets are sold.
$65m for the business and real estate + a value to be determined at closing for the inventory.

Wow - went public in 2018, couple years prior to Covid years and now are disappearing. Series of decisions coupled with a big dose of crazy RV market swings, up and then down - took its toll.

Another casualty in the RV marketplace.

 

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