NextBoat Inc. SEC Filings

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.

John Brian reported open-market sale transactions in this Form 4 filing.

NextBoat Inc. director and CEO John Brian reported an indirect disposition of 120,000 shares of common stock. The filing lists a reference price of $2.41 per share, equal to the NYSE American closing price on the transfer date, but clarifies this did not represent proceeds to him.

The shares, held through BK Investments LLC, were transferred to a third-party service provider as consideration for professional services previously rendered to the company, a cost Mr. Brian personally bore. He received no cash or other economic consideration from this transfer. Following the transaction, indirect holdings reported for Mr. Brian were 1,133,350 shares of NextBoat common stock.

NextBoat Inc.’s Chief Financial Officer Corbin Chad Gregory reported routine equity compensation activity tied to Restricted Stock Units (RSUs). A grant of 100,000 RSUs vested on May 26, 2026, each RSU converting into one share of common stock.

Upon vesting, he surrendered 16,233 shares to the company to cover tax withholding, based on a market price of $2.44 per share, and received 33,767 net shares. The filing notes that no shares were sold into the market. Two additional RSU grants of 50,000 shares each remain unvested.

OFF THE HOOK YS INC. director and CEO John Brian reported an indirect open-market sale of Common Stock through BK Investments LLC. The transaction involved 120,000 shares sold on May 15, 2026 at $2.41 per share. Following the sale, entities associated with him indirectly hold 1,133,350 shares of Common Stock.

Off The Hook YS Inc. is asking stockholders to vote at its virtual Annual Meeting on June 24, 2026. Holders of its 24,355,000 outstanding common shares as of May 4, 2026 can elect seven directors, ratify M&K CPAS PLLC as auditor, and approve a major update to the 2025 Equity Incentive Plan.

The company proposes lifting the plan’s share reserve to 6,000,000 shares, adding an annual “evergreen” increase of up to 2% of fully diluted shares or 750,000 shares, and formally permitting restricted stock units, performance awards, and broader stock-based grants. All awards would be subject to a clawback policy and stricter tax and share-count rules.

Off The Hook YS is a NYSE American “controlled company,” with founder Jason Ruegg holding 14,123,750 shares, or about 58% of voting power. The proxy details governance practices, committee structures, audit fees, related-party loans, and substantial 2025 RSU grants to executives and directors. The Board recommends voting “FOR” all three proposals.

Off The Hook YS Inc. reported first quarter 2026 revenue of $29.8 million, up 9.6% from $27.2 million a year earlier, driven mainly by a 31.8% increase in pre‑owned boat sales to $27.8 million and record quarterly unit sales of 127 boats. Gross profit rose to $3.2 million, with gross margin improving to 10.7% from 9.9%.

Despite higher sales, the company swung to a net loss of $3.5 million from net income of $0.3 million, as operating expenses climbed to $6.0 million, including sharp increases in salaries, stock‑based compensation of $1.8 million, and other public‑company and growth costs. Adjusted EBITDA fell to a loss of $1.4 million from a positive $0.3 million. Management raised full‑year 2026 revenue guidance to $165–$170 million and completed the Apex Marine acquisition to expand infrastructure in South Florida and support its national marine marketplace strategy.

Off The Hook YS Inc. completed the acquisition of Apex Marine companies on May 13, 2026 for an aggregate purchase price of $5,966,667. The price consisted of $1,200,000 in cash, 679,012 common shares valued at $2.70 per share, and two promissory notes of $2,466,667 and $500,000.

The larger note bears 6.0% annual interest and is amortized over 24 months, while the smaller note is due in 365 days and is non‑interest‑bearing unless in default. The Apex acquisition adds South Florida service, storage, and sales facilities that management says are already generating millions of dollars in annual cost savings and expanding refurbishment capacity and global sales reach.

Off The Hook YS Inc. filed a current report stating it will release its first quarter 2026 financial and operating results on Thursday, May 14, 2026, after the market close. The release will be followed by a live earnings conference call at 4:30 p.m. Eastern time.

Investors can join the call by dialing the listed domestic or international numbers using conference passcode 5863262, or via webcast through the Investor Relations section of the company’s website. The company describes itself as an AI-powered, vertically integrated marine marketplace operating in the $57 billion U.S. marine industry.