Off The Hook (NYSE: OTH) details Apex deal with $30M revenue boost
Rhea-AI Filing Summary
Off The Hook YS Inc. filed a current report to highlight an investor webinar discussing its definitive agreement to acquire Apex Marine Group, a South Florida marine service, storage, and sales organization. The company expects Apex to contribute approximately $30 million in annual revenue in 2025 and generate an estimated $3 million in annual cost savings from eliminating third-party service providers and storage fees.
The deal includes four facilities in Miami, Palm Beach, Stuart, and the Florida Keys and is expected to close within approximately 60 days, subject to customary conditions. Management plans to explain how the acquisition supports a centralized South Florida sales and refurbishment hub and complements its AI-powered marine marketplace.
Positive
- None.
Negative
- None.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State
or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S.
Employer Identification No.) |
(Address of principal executive offices)
Registrant’s
telephone number, including area code:
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01. Regulation FD Disclosure.
On February 23, 2026, Off The Hook YS Inc. (the “Company”) issued a press release: “Off The Hook to Host Investor Webinar to Discuss APEX Acquisition Expected to Add $30M in Revenue and Deliver $3M in Annual Cost Savings”. A copy of the press release is attached hereto as Exhibit 99.1.
The information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Exhibits | |
| 99.1 | Press Release of Off the Hook YS Inc. entitled “Off The Hook to Host Investor Webinar to Discuss APEX Acquisition Expected to Add $30M in Revenue and Deliver $3M in Annual Cost Savings” dated February 23, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: February 23, 2026 | Off The Hook YS Inc. | |
| By: | /s/ Brian John | |
| Name: | Brian John | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Off The Hook to Host Investor Webinar to Discuss APEX Acquisition Expected to Add $30M in Revenue and Deliver $3M in Annual Cost Savings
Wilmington, NC – February 23, 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 the largest buyer and seller of used boats in the nation, is pleased to invite investors to a webinar on February 23, 2026, at 4:15 p.m. ET.
The exclusive event, hosted by RedChip Companies, will feature Brian John, CEO of Off The Hook Yachts, who will discuss the Company’s recently announced definitive agreement to acquire Apex Marine Group of Companies (APEX), a premier South Florida marine service, storage, and sales organization.
| ● | Contribution of approximately $30 million in annual revenue in 2025 (unaudited) | |
| ● | Estimated $3 million in annual cost savings, elimination of third-party service providers and storage fees. | |
| ● | Addition of great brands like Pursuit, Fountain, Solace and Nauticstar to its arsenal. | |
| ● | Addition of a seasoned team of “new boat” brokers |
During the presentation, Mr. John will outline the strategic rationale behind the acquisition, integration plans, and how the transaction establishes a centralized South Florida mega sales, service and refurbishment destination. He will discuss how the expanded in-house infrastructure complements the Company’s industry-leading AI-powered marketplace by accelerating inventory turnover, enhancing pricing precision and quality control, strengthening its international buyer network, and positioning Off The Hook for margin expansion and scalable long-term growth.
The acquisition, which includes four strategically located South Florida facilities in Miami, Palm Beach, Stuart and the Keys, is expected to close within approximately 60 days, subject to customary conditions.
A live Q&A session with management will follow the presentation.
To register for the free webinar, please visit: https://www.redchip.com/webinar/OTH/81364619254
Questions can be pre-submitted to OTH@redchip.com or asked online during the live event.
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
Dave Gentry
RedChip Companies Inc.
1-800-REDCHIP (733-2447)
1-407-644-4256
OTH@redchip.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
What did Off The Hook YS Inc. (OTH) disclose in this 8-K filing?
How much revenue is Apex Marine Group expected to add for Off The Hook (OTH)?
What cost savings does Off The Hook (OTH) expect from the Apex acquisition?
When is the Apex Marine Group acquisition expected to close for Off The Hook (OTH)?
What strategic benefits does Off The Hook (OTH) expect from acquiring Apex Marine Group?
What new brands and capabilities will Off The Hook (OTH) gain through the Apex acquisition?
Filing Exhibits & Attachments
5 documents