Lazydays enters non-binding LOI to sell substantially all assets to Campers Inn; equity may get no recovery

Lazydays Holdings, Inc.

Non-binding LOI: Campers Inn to acquire substantially all assets for ~$30M fixed plus inventory and real estate value.
Deposit of $1M paid; $10M breakup fee if Lazydays takes superior offer; exclusivity through Oct 6, 2025.
Closing target before Thanksgiving; conditions: HSR, lease assignments, clear title, and stockholder vote if required.
Waiver reduces floorplan facility from $225M to $200M; requires definitive agreement by Oct 6 and closing by Dec 1.
Company warns total secured/unsecured liabilities (~$260M) likely exceed proceeds; equity may receive no value.

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