SCHEDULE 13G/A: Cannell Capital Discloses Passive 1.11% Stake in Lazydays Holdings
Beneficial Ownership Disclosure
Cannell Capital LLC and J. Carlo Cannell have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 1.11% in Lazydays Holdings, Inc. as of December 31, 2024.
Summary
- Cannell Capital LLC and J. Carlo Cannell collectively beneficially own 1,219,062 shares of Lazydays Holdings, Inc. common stock.
- This ownership represents 1.11% of the total class of securities.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating a change from a previous filing.
- The reporting persons, Cannell Capital LLC (a Wyoming-based investment adviser) and J. Carlo Cannell (a U.S. citizen), hold shared voting and dispositive power over all 1,219,062 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Lazydays Holdings, Inc.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership and not a performance report or strategic announcement by the company.
Positives
- The filing provides transparency regarding the beneficial ownership of a significant institutional investor in Lazydays Holdings, Inc.
- The certification confirms that the stake is passive, indicating no immediate intent to influence or change control of the issuer.
Future Outlook
NA
Industry Context
This filing indicates a passive investment by an investment adviser in Lazydays Holdings, Inc., a company operating in the recreational vehicle (RV) dealership industry. Such disclosures are standard for institutional investors holding significant, non-controlling stakes in publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership structure and the presence of a passive institutional investor.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (beneficial ownership calculation date). |
| 01/03/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Lazydays Holdings, Cannell Capital, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, SEC Filing
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