other_material
confidence high
sentiment negative
materiality 1.00
Lazydays completes asset sale, files dissolution; stockholders face complete loss
Lazydays Holdings, Inc.
- Final APA closing Nov 26 for $88.1M; $86M repaid credit facility, $2.1M expenses, $0 to company.
- Nov 28 entered general assignment for benefit of creditors to Lazy Liquidation; all assets transferred.
- Certificate of dissolution filed with Delaware, effective Nov 28 at 5:30pm ET; stock transfer books closed.
- All directors and officers resigned; remaining employees terminated; stock delisted from Nasdaq Nov 28.