Off The Hook Yachts Featured in New York Post Article: From Start-Up to New York Stock Exchange

Off The Hook Yachts (NYSE American: OTH) highlighted founder Jason Ruegg's growth of a college side-hustle into a publicly traded company valued at $68M as of Jan. 28, 2026.

Rhea-AI Summary

Off The Hook Yachts (NYSE American: OTH) highlighted founder Jason Ruegg's growth of a college side-hustle into a publicly traded company valued at $68M as of Jan. 28, 2026. The company raised $15 million in its IPO, purchases about $100 million of used boats annually, and reports 5x inventory turns.

Off The Hook cites an AI-powered matching platform, in-house financing and inspections, expanded buying power to $60 million, plans for a Florida headquarters, and a workforce target of 1,000 employees by 2027.

Positive

• IPO proceeds of $15 million
• $100M annual used-boat purchases
• 5x inventory turns (rapid turnover)
• $60M expanded buying power
• Target to scale to 1,000 employees by 2027

Negative

• None.

Argus Jan 28 session

+5.61% close to close Open Argus

Details

News Market Reaction – OTH

In the Jan 28 session, OTH gained 5.61%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +5.6% in the session following this news. A strong positive reaction aligns with the company’s recent pattern, where multiple growth and capital updates in January produced favorable next-day moves. The New York Post feature reinforces Off The Hook’s positioning as America’s largest pre-owned boat player, highlighting $100 million in annual purchases, a $15 million IPO raise, and fast inventory turns. Investors have previously responded well to visibility and expansion headlines, though sentiment can shift if growth or profitability metrics later underperform expectations.

Key Figures

Company valuation reference: $68M IPO proceeds: $15 million Annual boat purchases: $100 million +3 more

Company valuation reference

$68M

Described as a $68M publicly traded company in article title

IPO proceeds

$15 million

Capital raised in IPO as described in article

Annual boat purchases

$100 million

Used boats purchased annually according to article

Inventory turns

5 times per year

Reported inventory turnover rate vs industry norms

Buying power

$60 million

Expanded buying power mentioned under strong growth section

Planned headcount

1,000 employees

Target headcount by 2027 noted in growth plans

Historical Context

5 past events · Latest: Jan 26

5 events

1. Jan 26

   Regional expansion deal

   24h Move

   +10.4%

   Strategic partnership to expand sourcing and brokerage into Caribbean and Latin America.

2. Jan 20

   Financing expansion

   24h Move

   +3.4%

   Inventory floorplan financing boosted to increase buying capacity and support 2026 growth.

3. Jan 16

   NYSE visibility event

   24h Move

   +4.3%

   NYSE closing-bell ceremony and boat show presence to raise brand visibility post-IPO.

4. Jan 15

   Dealer incentive program

   24h Move

   +14.6%

   Nationwide dealer incentive program with flyExclusive to deepen engagement and deal flow.

5. Jan 08

   Share buyback plan

   24h Move

   +11.9%

   Authorization of up to $1.0 million in share repurchases from existing cash resources.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ipo, ai-powered

2 terms

ipo financial

"The company went public, raised $15 million in its IPO, and now buys"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

View in glossary

ai-powered technical

"Off The Hook’s AI-powered platform rapidly matches buyers and sellers, often closing"

"AI-powered" describes technology that uses artificial intelligence to perform tasks, make decisions, or analyze information automatically. It’s similar to having a highly skilled assistant that can learn from data, recognize patterns, and improve over time, helping to make processes faster and more accurate. For investors, this means better insights and more efficient operations, potentially leading to smarter investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Article articulates how founder Jason Ruegg has profitably grown the business from a college side-hustle to America’s largest pre-owned boat company 

Wilmington, NC, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE American: OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), America’s largest buyer and seller of pre-owned boats, today announced the publication of an article titled “How a yacht-flipping business went from college side hustle to $68M publicly traded company” in the New York Post. The article can be read in full HERE.

Key highlights of the article include:

• From College Hustle to $68M Public Company
  

Founder Jason Ruegg turned a simple side hustle into Off The Hook Yachts, now the largest pre-owned boat seller in the U.S. The company went public, raised $15 million in its IPO, and now buys about $100 million worth of used boats annually, positioning itself as the “Carvana for boats.”

• Tech-Enabled, Fast-Turn Inventory Model
  

Off The Hook’s AI-powered platform rapidly matches buyers and sellers, often closing deals within a day. With in-house financing, inspections, and closing services, the Company turns inventory about five times per year, far above industry norms.

• Strong Growth, Profitable & Recession-Resilient
  

Off The Hook has expanded its buying power to $60 million, is breaking sales records even in uncertain markets, and plans major growth, including opening its new headquarters in Florida and scaling to 1,000 employees by 2027.

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc., America’s largest buyer and seller of pre-owned boats, is a vertically integrated marine platform transforming how a market of ~1 million used boats and yachts are bought, sold, and financed across the U.S. annually. The Company’s proprietary AI-powered systems and national acquisition model drive unmatched speed, efficiency, and transparency leading to its acquisition of more than $100 million in boat purchases annually at a 5X inventory turn. With a scalable infrastructure spanning technology, wholesale, brokerage, financing, asset recovery, repair, and support yacht services, Off The Hook is well-positioned to lead the evolving $57 billion marine market. Off The Hook’s vertically integrated businesses include: Autograph Yacht Group, Azure Funding, Boats & Buyers, and We Buy Boats.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Off The Hook (OTH) raise in its IPO on January 28, 2026?

Off The Hook raised $15 million in its IPO. According to the company, the proceeds supported expansion of buying capacity and public-market listing costs as it scales operations.

What annual purchase volume does Off The Hook (OTH) report for used boats?

Off The Hook buys about $100 million of used boats annually. According to the company, this purchase volume fuels its fast-turn inventory model and supports national resale operations.

What operational efficiency does Off The Hook (OTH) claim with its inventory turns?

Off The Hook reports turning inventory about five times per year. According to the company, AI matching, in-house financing, and inspections enable faster deal cycles than typical industry norms.

What is Off The Hook's (OTH) stated buying power and expansion plans?

Off The Hook cites expanded buying power of $60 million and plans for a Florida headquarters. According to the company, these moves support scaling and hiring through 2027.

How many employees does Off The Hook (OTH) plan to hire by 2027?

Off The Hook targets scaling to 1,000 employees by 2027. According to the company, this headcount expansion aligns with planned geographic growth and increased transaction volume.