NextBoat Inc.

Off the Hook YS Inc (ticker symbol not specified in filing; exchange not specified in filing) operates as a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats across the recreational marine industry. Founded in 2012, the company has evolved into one of the largest marine wholesalers in the United States, recognized for innovation and expertise across eight operational locations with approximately 70 sales representatives transacting on more than 400 vessels annually. The company generates over $119 million in annual boat and yacht sales.

Off the Hook operates through a vertically integrated business model encompassing multiple revenue streams. The core yacht and boat sales division offers a diverse selection of pre-owned vessels including sportfish, center consoles, motor yachts, and high-performance boats. The company owns and operates WeBuyBoats.com, a digital platform providing instant cash offers for boat owners seeking quick liquidation. Azure Funding, an indirect wholly owned subsidiary, provides recreational boat financing solutions and loan brokerage services through partnerships with national and specialized lenders. OTH Yacht Services delivers comprehensive marine servicing and maintenance, while Marine Asset Recovery handles boat repossessions and asset recovery services for financial institutions. The company also operates a premium yacht brokerage division launched in the third quarter of 2025 focused on high-end market segments.

The company maintains floorplan financing capacity of up to $60 million to support inventory acquisition strategy, enabling efficient inventory turnover of four to five times annually. Off the Hook employs 40 full-time employees and maintains facilities across multiple states including North Carolina, Florida, and Maryland. The company's competitive advantages include its nationwide dealer network, proprietary CRM and data analytics platform, and integrated ecosystem generating multiple revenue streams per transaction. Off the Hook holds exclusive dealership agreements with manufacturers such as Yellowfin and maintains partnerships with leading floorplan lenders and financial institutions. The company is positioned in the growing pre-owned boat market, which represented 78.3 percent of total boat sales in 2024, reflecting consumer preference for high-quality used vessels at competitive price points.