03:37 PM EDT, 09/16/2025 (MT Newswires) -- Lazydays ( GORV ) said Tuesday it has entered into a nonbinding letter of intent, or LOI, for its acquisition by family-owned RV dealership Campers Inn RV, sending shares soaring over 95%.

The RV firm, founded in 1976, said the estimated consideration value under the LOI is expected to be less than the total amount of secured and unsecured liabilities of the company. As a result, Lazydays ( GORV ) shareholders may not receive any recovery from the transaction.

The deal is intended to close via a series of site-by-site transactions, if agreed by the parties, and before December 1, the company added.

The acquisition would give Campers Inn RV an entry into Tennessee, Colorado, and Utah markets and expand its footprint to 48 dealerships in the country.

Price: 4.66, Change: +2.21, Percent Change: +90.37