NextBoat Inc. reported that its Autograph Yacht Group division completed the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, last asking $45,000,000, described as the largest brokerage transaction in the Company’s history. Fewer than 20 superyachts of similar scale sell worldwide each year, placing this deal in a rare tier of the market.
Management highlights the transaction as evidence that Autograph Yacht Group now competes at the top end of the global luxury brokerage market and is expanding the caliber of clients it serves, including ultra-high-net-worth buyers and sellers. The Company links this milestone to its strategy of recruiting world-class brokers to increase revenue per transaction and broaden its addressable market upward.
NextBoat Inc. entered into a Master Loan Agreement providing inventory financing and received an initial $2.0 million loan to fund pre-owned boat purchases. The loans carry 15.0% simple annual interest and typically mature within 180 days, or on sale of the financed boat.
The Borrowers can extend a loan once for 90 days with a 2% extension premium, plus a 1% origination fee and a 5% profit participation on gross profit from each boat sale. The obligations are full-recourse and unsecured, with NextBoat and its subsidiary jointly and severally liable.
President and controlling shareholder Jason Ruegg, together with Ruegg Capital Group, provided a personal guaranty and pledged Company shares with at least $5.0 million collateral value, making this a related-party transaction, which he entered into without receiving consideration.
NextBoat Inc. reported the results of its annual meeting of stockholders held on June 24, 2026. As of the May 4, 2026 record date, 24,355,000 shares of common stock were outstanding and entitled to vote, and 17,799,178 shares were represented, constituting a quorum.
Stockholders elected seven directors to one-year terms ending at the 2027 annual meeting. Each nominee received over 16.9 million votes in favor, with no votes against and modest abstentions plus broker non-votes.
Stockholders also ratified M&K CPAS PLLC as independent registered public accounting firm for the year ending December 31, 2026, with 17,738,132 votes for, 35,516 against and 25,530 abstentions. In addition, they approved the First Amended and Restated 2025 Equity Incentive Plan, which received 16,286,014 votes for, 743,753 against, 36,060 abstentions and 733,351 broker non-votes.
NextBoat Inc. filed a current report describing early integration results following its May 1, 2026 acquisition of Apex Marine Companies. Within the first 60 days, the company integrated all APEX boat inventory into the NextBoat platform and shifted most pre-owned inventory to its Miami location to centralize operations and improve inventory visibility.
The APEX sales team has sold 15 vessels across multiple categories since the acquisition, with additional June transactions completed or pending. NextBoat is expanding service yard space, expected to be finished by the end of June, and has closed its Haulover location after identifying about $90,000 in monthly SG&A cost reductions from consolidation and other efficiencies. Management frames these steps as positioning the business for improved profitability and scalable growth through 2026.
NextBoat Inc. director, President and Chairman Jason Daniel Ruegg reported several non-market stock transfers involving Common Stock. He made bona fide gifts totaling 125,000 shares at an indicated value of $2.05 per share, with no consideration received. After these gifts, his directly held balance was 2,528,750 shares. Separately, Ruegg Capital Group Inc., which he solely owns, transferred 54,000 shares as compensation for services, also valued at $2.05 per share, with no cash consideration. Following this transfer, indirect holdings through Ruegg Capital Group Inc. were 10,721,000 shares. The filing also corrects prior reports by recognizing 5,000 shares issued upon vesting of Restricted Stock Units previously omitted.
NextBoat Inc. filed a current report highlighting strong second-quarter growth at its Autograph yacht brokerage division. Autograph facilitated 31 yacht transactions in the quarter, up from 22 in the first quarter, a 41% increase in deal activity.
Gross sales volume rose by approximately $43 million, and Autograph trade activity reached $23.3 million, driving total second-quarter transaction volume to nearly double the approximately $35 million recorded in the first quarter. Since launching in September 2025, Autograph has handled about $132 million in brokerage and trade transactions, exceeding its original first-year $100 million target by more than 30%.
The division’s brokerage listing inventory has expanded from roughly $100 million in listings to about $190 million. NextBoat is also investing in growth, opening an office in Coconut Grove, Miami, and adding five new brokers while engaging additional top-producing brokers.
OFF THE HOOK YS INC. President and Chairman Jason Daniel Ruegg, a ten percent owner, reported open-market sales totaling 480,000 shares of common stock on May 15, 2026.
Indirectly, Ruegg sold 300,000 shares and 175,000 shares at $2.00 per share through Ruegg Capital Group Inc., which he solely owns. He also sold 5,000 shares held directly at $2.64 per share, leaving 2,648,750 common shares in his direct ownership.
Off The Hook YS Inc. is rebranding as NextBoat Inc. and plans to change its NYSE American ticker symbol from OTH to NXB, effective on or about May 29, 2026. The company describes itself as a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States.
Management explains that the new NextBoat name is meant to reflect a shift from a traditional yacht brokerage into an AI-driven technology platform for the global pre-owned marine market. The existing Off The Hook Yachts business will continue as a core division focused on dealer trade-ins and wholesale inventory. NextBoat’s platform is designed to let brokers, dealers, resellers, and other marine entrepreneurs source inventory, obtain AI-driven valuations, arrange financing, and complete boat transactions digitally.