News Release:
Lazydays RV & Andina Finalize Deal
Lazydays Reports On Its Business Partnership With Andina Acquisition Corp. II Where The Combined Company’s Common Stock Will Begin Trading On The NASDAQ Capital Market Under Ticker Symbol “LAZY”.
TAMPA, FLA.-- Lazydays R.V. Center, Inc. (“Lazydays”) and Andina Acquisition Corp. II (NASDAQ: ANDAU, ANDA, ANDAR, ANDAW) announced March 15 the closing of their previously announced business combination. The business combination was approved at Andina’s general meeting of shareholders held earlier that day. In connection with the consummation of the business combination, the combined company was renamed Lazydays Holdings, Inc. It is anticipated that on or about March 16, 2018, the combined company’s common stock will commence trading on the NASDAQ Capital Market under the ticker symbol “LAZY”.
William P. Murnane, Chairman and CEO of Lazydays stated, “Our vision has been to become a public company so we would have access to the capital markets in order to accelerate our geographic expansion strategy. The Lazydays brand and model is well positioned to support a national network of RV dealerships and service centers. It's a premier RV dealership destination for new and pre-owned RV sales, service, rentals and accessories. Lazydays provides a vast product offering of both motorized and towable RVs in five locations across three strong geographic markets. Luke Weil, Founder of Andina, also joined in for a comment on the deal: “We are extremely excited to join forces with Lazydays RV,” he stated. “We believe the public listing and additional capital raised through this transaction will accelerate Lazydays’ growth initiatives and help to deliver long-term value for shareholders.” Craig-Hallum Capital Group acted as exclusive placement agent for the private placement transactions and Craig-Hallum Capital Group and EarlyBirdCapital, Inc. acted as M&A Advisors to Andina. Graubard Miller, and Maples and Calder acted as legal counsel to Andina. Stroock & Stroock & Lavan LLP acted as legal counsel to Lazydays.
For the full press release by Lazydays RV click here.