Record transaction closings, record quarterly sales, and a landmark MarineMax partnership drive continued marketplace expansion and progress toward profitability

WILMINGTON, NC / ACCESS Newswire / July 16, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today provided a business update highlighting record closings and quarterly sales during the second quarter of 2026, continued expansion of its marketplace, and significant progress toward profitability, alongside continued investment in the platform and automation.

“The first quarter of 2026, our first full quarter as a public company, included public-company transition costs, resulting in a loss for the quarter,” said Jason Ruegg, Founder and Executive Chairman. “Based on preliminary results, we expect to be at or near profitability for the second quarter, which we believe reflects the resilience of our operating platform and our disciplined growth and execution.”

Second Quarter Highlights

• Achieved a record number of transaction closings during the quarter.

• Partnered with MarineMax as its preferred wholesale partner for pre-owned boats and yachts, while establishing a preferred finance and insurance relationship with Newcoast.

• Continued development of proprietary closing automation designed to streamline key transaction processes, improve the customer experience, and increase throughput per closer.

• Tripled the Company’s transaction closing team to meet record transaction demand and support continued growth.

• Grew transaction volume approximately 120% year-over-year across the NextBoat platform, based on preliminary unaudited internal data.

• Successfully completed the first full quarter of ownership of APEX, with the business achieving profitability following integration and operational stabilization.

• Bellhart continued its operational turnaround, substantially reducing legacy inventory while positioning the business for renewed growth as inventory replenishment progresses.

• Launched the Company’s new automated Broker Hiring Portal, enabling brokers to recruit and manage their own sales organizations while automatically administering team commissions and override structures.

• NextBoat has grown its organization by approximately 42% year-over-year, based on preliminary internal data, reflecting the Company’s aggressive investment in growth and market expansion.

• Initiated full development of a centralized Business Development Center to improve customer engagement, lead management, sales conversion, and service quality across the platform.

• Grew traffic and inbound customer activity year-over-year through WeBuyBoats.com, further strengthening the Company’s acquisition pipeline.

“Our second quarter reflects the execution of the strategy we’ve been building toward,” said Brian John, Chief Executive Officer of NextBoat Inc. “We’re not simply growing transaction volume – we’re building the technology infrastructure that allows us to scale efficiently. By investing in automation, expanding our brokerage network, and integrating complementary businesses, we’re positioning NextBoat to become a leading technology-driven transaction platform in the marine industry.”

The Company believes its continued investment in automation, proprietary software, and scalable operating infrastructure will support long-term growth while improving operating leverage as transaction volumes continue to increase.

The Company expects to report its second quarter financial results on August 14, 2026. Additional information regarding platform enhancements, strategic partnerships, and acquisition opportunities will be provided as it becomes available.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, technology-driven marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

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Agreement establishes NextBoat as MarineMax’s preferred wholesale and trade-in partner, with pre-owned inventory flowing through the NextBoat AI platform to its nationwide network of wholesale buyers

WILMINGTON, NC / ACCESS Newswire / July 1, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), the AI-powered marine technology company transforming how pre-owned boats are valued, bought, sold and financed, today announced a landmark strategic partnership with MarineMax, Inc. (NYSE:HZO) (“MarineMax”), the world’s largest recreational boat and yacht retailer.

Under the agreement, MarineMax becomes the first enterprise dealer group to adopt the NextBoat AI platform as its preferred wholesale partner, routing a significant and growing share of the trade-in and pre-owned inventory it liquidates through the platform-where that inventory is evaluated, marketed, and sold into NextBoat’s nationwide network of wholesale buyers. As one of the highest-volume sellers of pre-owned boats in the industry – with over $2.3 billion in annual revenue across 120 locations worldwide – MarineMax is expected to drive increased volume across the NextBoat AI platform, which the Company believes will accelerate the growth of its marketplace, data, and financing businesses. The Company believes this relationship represents a defining milestone in its strategy to become the leading technology infrastructure for the marine industry’s pre-owned marketplace.

For decades, the wholesale and trade-in process has relied on fragmented buyer networks, manual pricing, phone calls and individual relationships. NextBoat AI was built to modernize that process through artificial intelligence, real-time transaction data and a unified digital marketplace that enables dealers to move inventory faster, improve pricing transparency, and increase operational efficiency.

The NextBoat AI Platform delivers:

• AI-powered vessel valuations supported by real transaction data

• Rapid wholesale bidding and nationwide buyer access

• Real-time transaction management and deal tracking

• Automated workflow and communication tools

• Analytics designed to improve inventory decisions and speed conversion to cash

• Integrated financing and marine insurance opportunities

Beyond improving transaction efficiency, the partnership enables significant long-term revenue opportunities through financing and marine insurance.

Inclusive of the partnership, NextBoat will leverage Newcoast, MarineMax’s finance and insurance arm, to provide financing and insurance solutions across transactions originating on the platform. As transaction volume increases, each financed and insured vessel has the potential to generate recurring insurance renewal revenue and additional financing income, creating what the Company believes could become a meaningful annuity-like revenue stream for both organizations over time.

“For 15 years, I’ve believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail. Today, the largest and most respected company in our industry has chosen to deploy the platform we built – we believe that validation speaks not only to what NextBoat has built, but to where this industry is headed,” said Jason Ruegg, Founder and Executive Chairman of NextBoat.

Ruegg added, “This marks the beginning of enterprise-scale deployment of the NextBoat platform. Every transaction creates an opportunity for financing and insurance that can generate recurring revenue through policy renewals for years to come. As adoption grows, we believe that recurring revenue stream could become one of the most valuable components of our business.”

“This partnership brings together two industry leading organizations committed to innovation and improving the trade-in and pre-owned customer experience,” said Kyle Langbehn, Executive Vice President and President of Retail Operations at MarineMax. “By integrating NextBoat’s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers. Additionally, the partnership with Newcoast will drive meaningful finance and insurance revenue with the industry’s leading team and products.”

The Company believes MarineMax’s adoption provides significant third-party validation of the NextBoat AI platform while establishing the foundation for expansion across additional dealer groups, brokerages and marine industry participants throughout North America. As additional participants join the network, NextBoat expects to enhance pricing intelligence, improve marketplace liquidity, increase transaction velocity, and strengthen the value of the platform for all users.

“Our vision extends well beyond individual transactions,” Ruegg said. “We believe the marine industry is ready for a modern technology platform that improves efficiency across every stage of the ownership lifecycle. MarineMax becoming our first enterprise partner is an important milestone toward building that future.”

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

About MarineMax

As the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.

Contact

NextBoat Inc.

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations
ir@nextboat.com

MarineMax, Inc.

Mike McLamb
Chief Financial Officer
727-531-1700

Scott Solomon
Senior Vice President
Sharon Merrill Advisors
(857) 383-2409
HZO@investorrelations.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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Sale of 2009 Abeking & Rasmussen 60-Meter Superyacht, Last Asking $45,000,000, Marks Company’s Largest-Ever Brokerage Transaction

WILMINGTON, NC / ACCESS Newswire / June 29, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today announced that its Autograph Yacht Group division has completed the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, last asking $45,000,000 – the largest brokerage transaction in the Company’s history. Burgess represented the seller; Gary Hardcastle of Autograph Yacht Group represented the buyer.

With fewer than 20 superyacht sales of this scale occurring worldwide each year, the transaction signals that Autograph Yacht Group has arrived at the very top of the global luxury market – a competitive tier reserved for the world’s most established brokerage houses.

“This milestone reflects the caliber of clients, brokers, and partnerships that continue to drive our business forward,” said Mike Burke, President of Autograph Yacht Group. “This transaction demonstrates that Autograph Yacht Group is building a brokerage platform capable of serving every segment of the market, from premium center consoles to the world’s most exclusive superyachts.”

The transaction also marks a meaningful expansion in the caliber of client NextBoat serves. Superyacht transactions of this scale generate significantly higher commission revenue than the mid-market deals that represent the bulk of the industry’s volume and bring the Company into direct relationships with ultra-high-net-worth buyers and sellers that few platforms can access. Management believes this deal validates a core element of its growth strategy: that by attracting world-class broker talent, NextBoat can drive substantial increases in revenue per transaction while expanding its addressable market upward.

“Transactions like this don’t happen without years of relationships and a platform with the credibility to compete at the highest level,” said Gary Hardcastle of Autograph Yacht Group. “What NextBoat provided was the infrastructure and backing to bring this deal across the finish line, and this transaction marks the beginning of the next chapter of our growth.”

This transaction represents a tangible proof point in NextBoat’s strategy to build a platform capable of serving every tier of the marine market – from entry-level recreational boats to the world’s most exclusive superyachts. As the Company continues to recruit top-producing brokers and deepen its global relationships, management expects transactions of this caliber to become an increasingly consistent part of its revenue mix.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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Company Achieves Early Sales Success, Expands Service Capacity, and Identifies Significant Cost Savings Within First 60 Days

WILMINGTON, NC / ACCESS Newswire / June 24, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today announced significant progress in the first 60 days following its acquisition of Apex Marine Companies (“APEX”). Since completing the transaction on May 1, 2026, the Company has successfully integrated APEX’s entire boat inventory into the NextBoat platform, substantially expanding the product offerings available to its broker network and customers. In addition, the majority of APEX’s pre-owned inventory has been successfully transitioned to the Company’s Miami location, further centralizing operations, improving inventory management, and enhancing sales visibility across the platform.

The integration has been accompanied by strong sales performance. Since the acquisition, the APEX sales team has completed the sale of 15 vessels across multiple product categories, reflecting continued customer demand and a successful transition into the NextBoat platform. In addition, the Company is actively working to close additional boat sales during June, with several transactions already completed and others currently pending.

“The successful integration of APEX and the strong performance of our team demonstrate the value of this acquisition and our ability to execute strategically,” said Andy Simmons, President of APEX Operations. “Our employees have embraced the transition, and we are already seeing measurable results across sales, service operations, and cost management.”

NextBoat has also continued to expand its service capabilities. The service department currently stores eight boats on-site and is developing additional yard space on the rear portion of the property. The expansion is expected to be completed by the end of June and is anticipated to increase operational capacity while generating meaningful long-term cost savings.

As part of its operational optimization strategy, NextBoat has taken decisive action to eliminate underperforming assets and streamline operations. The Company has closed its Haulover location and has already identified approximately $90,000 in monthly SG&A reductions through facility consolidation, vendor rationalization, personnel optimization, and other operating efficiencies. Additional opportunities for savings and operational improvements remain under evaluation.

These accomplishments represent important milestones in NextBoat’s post-acquisition integration strategy and position the Company for continued growth, improved profitability, and enhanced operational performance throughout the remainder of 2026.

“Our goal is to build a more efficient, scalable platform that delivers exceptional service to customers while creating long-term value for shareholders,” said Brian John, Chief Executive Officer. “By centralizing inventory and expanding our service infrastructure, we expect to improve operating efficiency, reduce costs, and provide an even higher level of support to our customers and manufacturing partners.”

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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Division surpasses $132 million in total transaction volume since launch, exceeding first-year target by more than 30%

WILMINGTON, NC / ACCESS Newswire / June 16, 2026 / NextBoat Inc. (NYSE America:NXB) (“NextBoat” or the “Company”), formerly Off The Hook YS Inc. (NYSE America:OTH), today announced strong growth from its Autograph yacht brokerage division reflecting continued growth in transaction volume, gross sales, new listings, and team expansion.

During the second quarter, Autograph facilitated 31 yacht transactions, up from 22 in the first quarter, representing a 41% increase in deal activity. Gross sales volume increased by approximately $43 million during the quarter, while Autograph trade activity reached $23.3 million, contributing to total transaction volume that nearly doubled the approximately $35 million achieved during the first quarter.

Since launching operations in September 2025, Autograph has facilitated approximately $132 million in brokerage and NextBoat trade transactions. Autograph’s original first-year objective was to achieve $100 million in transaction volume, a goal that was surpassed by more than 30% within its first ten months of operation.

“Our second quarter results demonstrate the strength of our platform, our brokers, and our commitment to innovation within the yacht brokerage industry,” said Mike Burke, President of Autograph Yacht Group. “What makes these results particularly meaningful is that we achieved them while building the business from the ground up. We began with no offices, a small team of seven brokers, and limited infrastructure. Today, we have established a scalable platform with multiple offices, experienced support staff, advanced marketing capabilities, and growing market presence.”

The Company’s brokerage listing inventory has expanded significantly, growing from approximately $100 million in listings to approximately $190 million, with additional inventory being added regularly. Management believes this growth reflects the effectiveness of its marketing platform, broker recruitment initiatives, and increasing brand recognition throughout the market.

The Company has also continued to invest in geographic expansion and talent acquisition. Autograph is currently establishing an additional office in Coconut Grove, Miami, strengthening its coverage across Southeast Florida. During the quarter, the Company added five new brokers and is actively engaged in discussions with an additional five to six top-producing brokers expected to join the platform over the coming months.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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Company accelerates evolution into AI-powered platform transforming how boats are bought and sold

WILMINGTON, NC / ACCESS Newswire / May 29, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), formerly Off The Hook YS Inc. (NYSE American:OTH), today announced that its corporate rebrand and ticker symbol change to “NXB” have officially become effective on the NYSE American.

The transition to NextBoat reflects the Company’s evolution from a traditional yacht brokerage business into a technology-driven platform focused on modernizing the fragmented pre-owned boat market through artificial intelligence, automation, financing, logistics, and data infrastructure.

“This is a defining moment for our company,” said Brian John, Chief Executive Officer of NextBoat. “The NextBoat brand reflects the platform we are building for the future of boat and yacht commerce. While Off The Hook Yachts remains a foundational part of our business, NextBoat represents a much larger opportunity – creating a faster, more transparent, and technology-enabled experience for buying and selling boats at scale.”

The Company said Off The Hook Yachts will continue operating as a core division of NextBoat, serving as a key driver of inventory acquisition, brokerage transactions, wholesale distribution, and marketplace liquidity.

“We believe the boat industry is where automotive retail was before companies like Carvana fundamentally changed the customer experience,” said Blake Phillips, Chief Operating Officer of NextBoat. “Our mission is to build the infrastructure layer for the boating market – connecting buyers, sellers, dealers, brokers, lenders, and service providers through software, automation, AI, and integrated transaction tools. The industry remains highly fragmented, and we see a significant opportunity to simplify and modernize the entire ownership journey.”

The rebrand reflects NextBoat’s broader strategy to build a connected platform spanning brokerage, direct acquisition, wholesale distribution, auctions, financing, transportation, lead generation, and ownership services – all powered by proprietary technology, data, and artificial intelligence.

No action is required by existing shareholders with respect to the Company’s corporate name or ticker symbol change. Shares of the Company’s common stock will continue trading on the NYSE American under the new ticker symbol “NXB.” Existing shareholder ownership and account positions remain unchanged.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

The post NextBoat Inc. Completes Corporate Rebrand and Begins Trading Under “NXB” on NYSE American appeared first on NextBoat AI| Investor Relations.

WILMINGTON, NC / ACCESS Newswire / May 19, 2026 / Off The Hook YS Inc. (NYSE American:OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced that it will officially rebrand as NextBoat Inc. and change its ticker symbol from “OTH” to “NXB” on the NYSE American, effective on or about May 29, 2026.

The rebrand reflects the Company’s evolution from a traditional yacht brokerage business into an AI-powered technology platform designed to modernize and scale the global pre-owned marine marketplace. While Off The Hook Yachts was the foundation of the Company, management believes the name no longer reflects the scale, technology, or long-term vision of the business.

“Off The Hook Yachts was where we started, but NextBoat represents where we are going,” said Brian John, Chief Executive Officer. “We are building a technology platform that empowers brokers, dealers, resellers, and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation, and data-driven infrastructure.” Importantly, Off The Hook Yachts will continue operating as a core division under NextBoat, focused primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform.

NextBoat is far more than a marketplace. The platform enables brokers, buyers, dealers, and resellers to source inventory, access AI-driven valuations, secure financing, and complete transactions digitally within a single ecosystem. At its core, NextBoat is designed to power a growing network of independent marine entrepreneurs-including brokers, wholesalers, and resellers-allowing them to operate their businesses without the traditional overhead of brick-and-mortar dealerships or brokerage offices. Rather than building expensive physical locations, the Company believes technology enables a scalable, decentralized distribution network, where participants can buy and sell boats from virtually anywhere while leveraging NextBoat’s technology, capital, financing, and operational infrastructure. NextBoat is embedding artificial intelligence throughout the transaction process, including:

• AI-Driven Valuations to improve pricing accuracy

• AI-Assisted Acquisition to identify undervalued and off-market opportunities

• AI-Driven Closings (Next Phase) designed to automate documentation and workflows to support significant transaction growth

• AI-Powered Matching to connect buyers and sellers more efficiently

“We’re entering a phase where technology doesn’t just support transactions-it executes them,” said Blake Phillips, Chief Operating Officer. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats. Just as technology transformed how people buy homes, cars, and travel, we believe boating is approaching its own major digital transformation. Our goal is not simply to participate in this evolution, we intend to define it.”

NextBoat combines:

• Consumer marketplace transactions

• Dealer trade-in and wholesale liquidity through Off The Hook Yachts

• Auction and liquidation channels

• Financing and insurance solutions

• Long-term ownership and marine services

The Company believes each transaction strengthens its proprietary data ecosystem, improving pricing intelligence, inventory acquisition, and transaction efficiency over time. “Our goal is to do for boats what modern technology platforms have done for other industries-bring speed, transparency, and scalability to a fragmented market,” added John.

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

SOURCE: Off The Hook YS Inc.

View the original press release on ACCESS Newswire

The post Off The Hook YS To Rebrand as NextBoat and Change Ticker Symbol to “NXB” appeared first on NextBoat AI| Investor Relations.

First quarter 2026 revenue increased 9.6% year over year to $29.8 million
Increased 2026 revenue guidance to $165-$170 million

Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE American: “OTH”, or “Off the Hook Yachts”), a vertically integrated marine marketplace and the largest buyer and seller of used boats in the nation, today announced financial results for the quarter ended March 31, 2026. The Company will host a live conference call today at 4:30 P.M. Eastern Time.

“We achieved record revenue of $29.8 million, expanded our national broker network, and continued to build out the infrastructure that we believe positions the Company for continued double-digit growth. Our vertically integrated model-combining brokerage, wholesale inventory acquisition, financing through Azure Funding, and our growing premier brokerage division-continues to differentiate Off the Hook Yachts in the marine industry,” said Brian John, Chief Executive Officer of Off The Hook Yachts.

“Despite what is normally a seasonably slow first quarter, we achieved record results, growing monthly revenue that has continued into the second quarter. We believe Off the Hook is well-positioned to continue accelerating growth in 2026. Early second quarter trends have been encouraging and based on current expectations we are raising our guidance for the full year. We will also continue our focus on building one of the leading platforms in the recreational marine market” added Mr. John.

“This morning we announced the completion of the Apex Marine acquisition which strengthens our position in South Florida and adds important operating infrastructure to support our storage, service, and resale strategy. Apex gives us a physical hub in one of our most active markets, with the potential to reduce outsourced service costs, improve turn times and support higher transaction volumes as we continue scaling the platform. We believe the future of this industry requires both technology and infrastructure, and Apex is an important investment in that combined model” concluded Mr. John.

2026 First Quarter Highlights

• Revenue increased 9.6% to $29.8 million compared to $27.2 million during the first quarter of 2025
• Pre-owned boat sales increased 31.8% compared to the first quarter of 2025
• Sold 127 boats during the first quarter, representing a first quarter record for the Company
• Gross profit increased 18.5% to $3.2 million compared to $2.7 million in the first quarter of 2025
• Expanded the Company’s broker network by 30 brokers during the quarter

Completion of Apex Marine Acquisition

On May 13, 2026, Off The Hook completed its previously announced acquisition of Apex Marine Sales, LLC, Apex Marine Stuart LLC, Apex Marine, LLC and Apex Marine Sales Brokerage, LLC, collectively referred to as Apex Marine. Located in South Florida, Apex Marine expands the Company’s physical infrastructure in one of its most active markets and is expected to support Off The Hook’s storage, service, brokerage and pre-owned boat resale operations.

The acquisition is an important component of the Company’s strategy to combine technology-enabled boat transactions with the operational infrastructure needed to support a national marine marketplace. Off The Hook expects Apex Marine to provide additional capacity to store, service and position boats for resale, while reducing reliance on certain outsourced services and supporting improved inventory turns as transaction volumes increase.

The acquisition consideration consisted of cash, common stock and seller financing, as described in the Company’s Current Report on Form 8-K filed with the SEC.

2026 Full Year Guidance

For full year 2026, the Company expects revenue between $165 million and $170 million compared to prior guidance of $155 million to $160 million.

First Quarter 2026 Financial Discussion

For the quarter ended March 31, 2026, revenue increased 9.6% to $29.8 million compared to $27.2 million in the first quarter of 2025. The increase was primarily driven by increased inventory availability and sales activity, supported by an expansion of the Company’s floorplan financing facility. Further, the addition of brokers for Off the Hook and our new premier brokerage division, Autograph Yacht Group, contributed to our revenue growth. These two moves allowed us to increase the number of boats sold compared to the first quarter of 2025.

New boat sales decreased by $4.2 million, or 76.4%, to $1.3 million for the three months ended March 31, 2026, from $5.5 million for the three months ended March 31, 2025. For the three months ended March 31, 2026, we sold 3 new units compared to approximately 7 units for the three months ended March 31, 2025, a decrease partially attributable to decreased marketing efforts and a slowdown in the new boat market.

Pre-owned boat sales increased by $6.7 million, or 31.8%, to $27.8 million for the three months ended March 31, 2026, from $21.1 million for the three months ended March 31, 2025. For the three months ended March 31, 2026, pre-owned boat unit sales increased 55.0%, to 124 pre-owned boats, compared to 80 pre-owned units for the same period of 2025. Average price per pre-owned boat sale transaction was approximately $224,000 (124 units) for the three months ended March 31, 2026, and $263,000 (80 units) for the three months ended March 31, 2025. We sell a wide range of brands and sizes of pre-owned boats under different types of sales arrangements (e.g., trade-ins, brokerage and consignment), which causes periodic and seasonal fluctuations in the average sales price.

Finance Income – Azure

Revenue from arranging financing products, including financing, insurance and extended warranty contracts, to customers through various third-party financial institutions and insurance companies decreased by approximately $0.3 million, or approximately 50.0%, to $0.3 million for the three months ended March 31, 2026, from $0.6 million for the three months ended March 31, 2025. This decrease can be attributed to fluctuations in our customer mix, with more high-end buyers using cash to purchase, compared to entry-level and lower ticket customers who typically are more finance dependent.

Gross Profit

Gross profit increased by $0.5 million, or 18.3%, to $3.2 million for the three months ended March 31, 2026, compared to $2.7 million for the three months ended March 31, 2025. Our gross margin of 10.7% increased modestly from 9.9% or 81 basis points. The increase was primarily driven by higher gross profit from pre-owned boat sales and an increase in brokerage transactions, which generally carry higher margin profiles due to lower direct costs. These increases were partially offset by a decline in gross profit from new boat sales, reflecting margin compression and pricing pressures in that segment.

New boat gross profit decreased by $0.2 million, to $0.01 million for the three months ended March 31, 2026, compared to $0.3 million for the three months ended March 31, 2025. Overall gross margins on new boat sales declined due to increased price sensitivity among consumers and broader industry-wide margin compression. New boat gross profit as a percentage of new boat revenue was 1.1% for the three months ended March 31, 2026, compared to 4.5% for the three months ended March 31, 2025. The decline in margin percentage reflects both the shift in market conditions and our strategic decision to accelerate inventory turnover in response to slowing demand.

Pre-owned boat gross profit increased by $0.6 million, or 30.0%, to $2.6 million for the three months ended March 31, 2026, compared to $2.0 million for the three months ended March 31, 2025. This modest increase occurred despite downward pressure on pricing and the desire to move certain inventory at reduced margins to maintain turnover and liquidity.

Pre-owned boat gross margin as a percentage of pre-owned boat revenue was 9.4% for the three months ended March 31, 2026, compared to 9.6% for the same period of 2025. We sell a diverse mix of pre-owned boats across various price points, brands, and sales channels, including trade-ins, consignment, wholesale, and brokerage, which naturally contributes to fluctuations in gross profit margins due to varying transaction structures and sales dynamics.

Finance gross profit decreased by $0.1 million, to $0.2 million for the three months ended March 31, 2026, from $0.3 million for the three months ended March 31, 2025. Finance income is fee-based revenue for which we do not recognize incremental expenses.

Selling, General and Administrative Expenses

Selling, general, and administrative expenses consist primarily of lease expense, insurance, utilities, and other customary operating expenses. SG&A increased $0.9 million, or 205.1%, to $1.3 million for the three months ended March 31, 2026, compared to $0.4 million for the three months ended March 31, 2025. The increase was primarily attributable to the cost of additional leases executed in 2025, higher indirect marketing expenses associated with our attendance at two boat shows during the quarter, and higher insurance costs related to increased inventory levels under floorplan financing arrangements, each in line with the Company’s planned business expansion for 2026.

Salaries and Wages

Salaries and wages expense increased $2.2 million or 244.4%, to $3.1 million for the three months ended March 31, 2026, compared to $0.9 million for the three months ended March 31, 2025. Leading into and following our initial public offering, salaries and wages increased as we aligned our compensation with public-company market benchmarks, and enhanced retention packages to ensure we can attract, motivate, and retain the talent required to deliver long-term shareholder value. Further, the Company issued stock-based compensation to employees after the initial public offering which had a value of $1.8 million for the three months ended March 31, 2026. These equity awards have several vesting conditions including service based and performance-based requirements and vest between one and five years.

Conference Call and Webcast

The Company will host an earnings conference call today, May 14, 2026, at 4:30 P.M. Eastern Time. To participate by telephone, please dial (800) 715-9871 (domestic), or (646) 307-1963 (international). The conference passcode is 5863262.

A live webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://investor.offthehookyachts.com using the conference passcode 5863262. An online replay of the webcast will be available for a limited time immediately following the call.

About Off The Hook Yachts Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generating platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and available on our Company website. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

Contacts:
Chad Corbin
Chief Financial Officer (CFO)
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

OFF THE HOOK YS INC.
Condensed Consolidated Statements of Operations
(Unaudited)
For the Three Months Ended March 31, 2026 and 2025

OFF THE HOOK YS INC.
Condensed Consolidated Balance Sheets
As of March 31, 2026 and December 31, 2025

Non-GAAP Financial Information

To supplement OTH’s financial information presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), OTH presents certain financial measures that are not prepared in accordance with GAAP, including adjusted EBITDA. These non-GAAP financial measures, which are defined below, should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly titled measures presented by other companies.

OTH is presenting these non-GAAP financial measures to assist investors in seeing OTH’s operating results through the eyes of management and because OTH believes that these measures provide a useful tool for investors to use in assessing OTH’s operating performance against prior period operating results and against business objectives. OTH uses non-GAAP financial measures to evaluate its operating results and for financial and operational decision-making.

Reconciliations of the non-GAAP financial measures presented to the most directly comparable GAAP financial measures are included in the tables below.

Adjusted EBITDA

The Company defines Adjusted EBITDA as GAAP net income (loss) before interest expense, income taxes, depreciation and amortization, and certain additional adjustments, including stock-based compensation and other non-cash items or other items that management does not consider indicative of ongoing operating performance. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is included in the tables below. The following table presents a reconciliation of Adjusted EBITDA to our net (loss) income, which is the most directly comparable GAAP measure for the periods presented. We believe this information will be useful for investors to facilitate comparisons of our operating performance and identify trends in our business.

The post Off The Hook YS Inc. Reports First Quarter 2026 Financial and Operating Results appeared first on NextBoat AI| Investor Relations.

Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced that it has closed the acquisition of Apex Marine Companies (“APEX”), a premier South Florida marine service, storage, and sales operation.

The acquisition delivers strategically located South Florida facilities, a highly skilled full-service team, and infrastructure that immediately enhances Off the Hook’s operational efficiency, refurbishment capacity, and global sales reach. APEX’s facilities include prime storage and service locations, haul-out capacity up to 150 metric tons and vessels up to 130 feet, and comprehensive in-house teams covering repair, refit, and refurbishment. This allows Off the Hook to process the majority of acquired inventory internally.

“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO. “This centralized approach allows us to standardize refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”

With the centralized campus now operational, Off the Hook has created a destination where buyers from around the world can access tens of millions of dollars in inventory at a single location near Fort Lauderdale and Miami – a major step toward transforming the used boat market. “This acquisition is fundamentally about operational dominance through infrastructure,” said Jason Ruegg, Founder of Off the Hook Yachts. “Facilities like these are unique in South Florida. Bringing service, storage, and hauling in-house is a game changer for our efficiency, margins, and ability to scale.”

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

The post Off The Hook Yachts Completes Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers appeared first on NextBoat AI| Investor Relations.

Wilmington, NC, May 04, 2026 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, will announce its first quarter 2026 financial and operating results on Thursday, May 14, 2026, after the market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. Eastern time.

To participate in the call, please dial (800) 715-9871 (domestic), or (646) 307-1963 (international). The conference passcode is 5863262. This call is being webcast and can be accessed using the conference passcode 5863262, on the Investor Relations section of the company’s website at https://investor.offthehookyachts.com. The online replay will be available for a limited time beginning immediately following the call.

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

The post Off The Hook Yachts to Announce 2026 First Quarter Financial and Operating Results on Thursday, May 14, 2026 appeared first on NextBoat AI| Investor Relations.