Off The Hook YS To Rebrand as NextBoat and Change Ticker Symbol to "NXB"
Rhea-AI Summary
Off The Hook YS (NYSE American:OTH) will rebrand as NextBoat and change its ticker to NXB on or about May 29, 2026. The company is evolving from a traditional yacht brokerage into an AI-powered marine marketplace that supports brokers, dealers, and resellers across sourcing, valuation, financing, and digital closings.
Off The Hook Yachts will remain a core B2B division within NextBoat, focused on dealer trade-ins, wholesale transactions, and inventory liquidation.
Positive
- Rebrand to NextBoat with new ticker NXB effective on or about May 29, 2026
- Shift toward an AI-powered marine marketplace supporting end-to-end digital boat transactions
- Off The Hook Yachts retained as core B2B division for dealer trade-ins and wholesale liquidity
- Use of AI-driven valuations, acquisition, matching, and planned AI-driven closings across the platform
Negative
- None.
News Market Reaction – OTH
In the May 19 session, OTH declined 0.82%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 14 | Q1 2026 earnings | Positive | -3.1% | Record Q1 revenue and gross profit with raised full-year 2026 guidance. |
| May 14 | Apex acquisition close | Positive | +13.4% | Completion of Apex Marine acquisition adding large-scale service and sales hub. |
| May 04 | Earnings date set | Neutral | -2.6% | Announcement of schedule for Q1 2026 results and related conference call. |
| Apr 16 | New boat expansion | Positive | -2.3% | Expansion into new-boat sales via Bellhart Marine and storage ecosystem. |
| Apr 09 | Broker expansion | Positive | +29.4% | Global broker expansion initiative and upgraded NextBoat AI operating system. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has produced mixed reactions: strategic and growth updates sometimes saw strong gains, while positive operating results and expansion announcements also coincided with modest declines.
Over the past few months, Off The Hook Yachts reported record Q1 2026 revenue of $29.8 million with improved gross margin, raised 2026 revenue guidance to $165–$170 million, and completed the Apex Marine acquisition to expand infrastructure. It also announced a global broker expansion initiative, a move into new-boat sales backed by storage capacity, and scheduled its Q1 earnings release. The current rebranding to NextBoat and ticker change to NXB builds on this shift toward an AI-powered, scalable marine marketplace platform.
Key Terms
artificial intelligence technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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