Lazydays increases authorized common shares to 500M, eliminates Series A Preferred in exchange

Lazydays Holdings, Inc.

Authorized common shares increased from 100M to 500M via Certificate of Amendment filed Dec 26.
Certificate of Elimination removes Series A Convertible Preferred Stock from charter; none outstanding after exchange.
Second exchange closed Dec 27: remaining ~450k preferred shares exchanged for ~49.9M common shares.
Total exchange: 600k preferred shares for 66.5M common shares, eliminating ~$68.5M liquidation preference.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lazydays Holdings, Inc.: Increased authorized shares of Common Stock from 100,000,000 to 500,000,000 (effective 2024-12-26).

Change: charter amendment
Effective: 2024-12-26

Exact text from the filing

On December 26, 2024, Lazydays Holdings, Inc. (the “ Company ”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Certificate of Incorporation (as amended, the “ Charter ”) to increase the total number of shares of Common Stock, par value $0.0001 per share (“ Common Stock ”), the Company is authorized to issue from 100,000,000 to 500,000,000 (the “ Charter Amendment ”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lazydays Holdings, Inc.: Eliminated all matters set forth in the Certificate of Designations of Series A Convertible Preferred Stock (effective 2024-12-30).

Change: charter amendment
Effective: 2024-12-30

Exact text from the filing

On December 30, 2024, the Company filed a Certificate of Elimination (the “ Certificate of Elimination ”) to its Charter with the Secretary of State of the State of Delaware eliminating from the Charter all matters set forth in the Certificate of Designations of Series A Convertible Preferred Stock, Par Value $0.0001 per share, of the Company.

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Source: SEC EDGAR

accession 0001493152-24-052486

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