Coliseum Capital Partners (WA:CPAP), L.P., along with related entities, has significantly increased its stake in Lazydays Holdings, Inc. (NASDAQ:LAZY) by purchasing approximately $14.9 million worth of common stock. This transaction took place on November 15, 2024, with shares acquired at $1.03 each.
The purchase adds to Coliseum Capital's existing holdings, bringing their total ownership to over 21 million shares. Additionally, the firm engaged in a preferred stock exchange, converting 500,000 shares into over 55 million common shares, which did not involve any cash exchange.
These strategic moves highlight Coliseum Capital's continued investment in Lazydays Holdings, a major player in the retail auto dealers sector.
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