Off The Hook Yachts

Off The Hook YS To Rebrand as NextBoat and Change Ticker Symbol to “NXB”

May 19, 2026

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 $57 billion U.S. marine industry.

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.

Off The Hook YS Inc. Reports First Quarter 2026 Financial and Operating Results

May 14, 2026

First quarter 2026 revenue increased 9.6% year over year to $29.8 million
Increased 2026 revenue guidance to $165-$170 million

Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE American: “OTH”, or “Off the Hook Yachts”), a vertically integrated marine marketplace and the largest buyer and seller of used boats in the nation, today announced financial results for the quarter ended March 31, 2026. The Company will host a live conference call today at 4:30 P.M. Eastern Time.

“We achieved record revenue of $29.8 million, expanded our national broker network, and continued to build out the infrastructure that we believe positions the Company for continued double-digit growth. Our vertically integrated model-combining brokerage, wholesale inventory acquisition, financing through Azure Funding, and our growing premier brokerage division-continues to differentiate Off the Hook Yachts in the marine industry,” said Brian John, Chief Executive Officer of Off The Hook Yachts.

“Despite what is normally a seasonably slow first quarter, we achieved record results, growing monthly revenue that has continued into the second quarter. We believe Off the Hook is well-positioned to continue accelerating growth in 2026. Early second quarter trends have been encouraging and based on current expectations we are raising our guidance for the full year. We will also continue our focus on building one of the leading platforms in the recreational marine market” added Mr. John.

“This morning we announced the completion of the Apex Marine acquisition which strengthens our position in South Florida and adds important operating infrastructure to support our storage, service, and resale strategy. Apex gives us a physical hub in one of our most active markets, with the potential to reduce outsourced service costs, improve turn times and support higher transaction volumes as we continue scaling the platform. We believe the future of this industry requires both technology and infrastructure, and Apex is an important investment in that combined model” concluded Mr. John.

2026 First Quarter Highlights

Revenue increased 9.6% to $29.8 million compared to $27.2 million during the first quarter of 2025
Pre-owned boat sales increased 31.8% compared to the first quarter of 2025
Sold 127 boats during the first quarter, representing a first quarter record for the Company
Gross profit increased 18.5% to $3.2 million compared to $2.7 million in the first quarter of 2025
Expanded the Company’s broker network by 30 brokers during the quarter

Completion of Apex Marine Acquisition

On May 13, 2026, Off The Hook completed its previously announced acquisition of Apex Marine Sales, LLC, Apex Marine Stuart LLC, Apex Marine, LLC and Apex Marine Sales Brokerage, LLC, collectively referred to as Apex Marine. Located in South Florida, Apex Marine expands the Company’s physical infrastructure in one of its most active markets and is expected to support Off The Hook’s storage, service, brokerage and pre-owned boat resale operations.

The acquisition is an important component of the Company’s strategy to combine technology-enabled boat transactions with the operational infrastructure needed to support a national marine marketplace. Off The Hook expects Apex Marine to provide additional capacity to store, service and position boats for resale, while reducing reliance on certain outsourced services and supporting improved inventory turns as transaction volumes increase.

The acquisition consideration consisted of cash, common stock and seller financing, as described in the Company’s Current Report on Form 8-K filed with the SEC.

2026 Full Year Guidance

For full year 2026, the Company expects revenue between $165 million and $170 million compared to prior guidance of $155 million to $160 million.

First Quarter 2026 Financial Discussion

For the quarter ended March 31, 2026, revenue increased 9.6% to $29.8 million compared to $27.2 million in the first quarter of 2025. The increase was primarily driven by increased inventory availability and sales activity, supported by an expansion of the Company’s floorplan financing facility. Further, the addition of brokers for Off the Hook and our new premier brokerage division, Autograph Yacht Group, contributed to our revenue growth. These two moves allowed us to increase the number of boats sold compared to the first quarter of 2025.

New boat sales decreased by $4.2 million, or 76.4%, to $1.3 million for the three months ended March 31, 2026, from $5.5 million for the three months ended March 31, 2025. For the three months ended March 31, 2026, we sold 3 new units compared to approximately 7 units for the three months ended March 31, 2025, a decrease partially attributable to decreased marketing efforts and a slowdown in the new boat market.

Pre-owned boat sales increased by $6.7 million, or 31.8%, to $27.8 million for the three months ended March 31, 2026, from $21.1 million for the three months ended March 31, 2025. For the three months ended March 31, 2026, pre-owned boat unit sales increased 55.0%, to 124 pre-owned boats, compared to 80 pre-owned units for the same period of 2025. Average price per pre-owned boat sale transaction was approximately $224,000 (124 units) for the three months ended March 31, 2026, and $263,000 (80 units) for the three months ended March 31, 2025. We sell a wide range of brands and sizes of pre-owned boats under different types of sales arrangements (e.g., trade-ins, brokerage and consignment), which causes periodic and seasonal fluctuations in the average sales price.

Finance Income – Azure

Revenue from arranging financing products, including financing, insurance and extended warranty contracts, to customers through various third-party financial institutions and insurance companies decreased by approximately $0.3 million, or approximately 50.0%, to $0.3 million for the three months ended March 31, 2026, from $0.6 million for the three months ended March 31, 2025. This decrease can be attributed to fluctuations in our customer mix, with more high-end buyers using cash to purchase, compared to entry-level and lower ticket customers who typically are more finance dependent.

Gross Profit

Gross profit increased by $0.5 million, or 18.3%, to $3.2 million for the three months ended March 31, 2026, compared to $2.7 million for the three months ended March 31, 2025. Our gross margin of 10.7% increased modestly from 9.9% or 81 basis points. The increase was primarily driven by higher gross profit from pre-owned boat sales and an increase in brokerage transactions, which generally carry higher margin profiles due to lower direct costs. These increases were partially offset by a decline in gross profit from new boat sales, reflecting margin compression and pricing pressures in that segment.

New boat gross profit decreased by $0.2 million, to $0.01 million for the three months ended March 31, 2026, compared to $0.3 million for the three months ended March 31, 2025. Overall gross margins on new boat sales declined due to increased price sensitivity among consumers and broader industry-wide margin compression. New boat gross profit as a percentage of new boat revenue was 1.1% for the three months ended March 31, 2026, compared to 4.5% for the three months ended March 31, 2025. The decline in margin percentage reflects both the shift in market conditions and our strategic decision to accelerate inventory turnover in response to slowing demand.

Pre-owned boat gross profit increased by $0.6 million, or 30.0%, to $2.6 million for the three months ended March 31, 2026, compared to $2.0 million for the three months ended March 31, 2025. This modest increase occurred despite downward pressure on pricing and the desire to move certain inventory at reduced margins to maintain turnover and liquidity.

Pre-owned boat gross margin as a percentage of pre-owned boat revenue was 9.4% for the three months ended March 31, 2026, compared to 9.6% for the same period of 2025. We sell a diverse mix of pre-owned boats across various price points, brands, and sales channels, including trade-ins, consignment, wholesale, and brokerage, which naturally contributes to fluctuations in gross profit margins due to varying transaction structures and sales dynamics.

Finance gross profit decreased by $0.1 million, to $0.2 million for the three months ended March 31, 2026, from $0.3 million for the three months ended March 31, 2025. Finance income is fee-based revenue for which we do not recognize incremental expenses.

Selling, General and Administrative Expenses

Selling, general, and administrative expenses consist primarily of lease expense, insurance, utilities, and other customary operating expenses. SG&A increased $0.9 million, or 205.1%, to $1.3 million for the three months ended March 31, 2026, compared to $0.4 million for the three months ended March 31, 2025. The increase was primarily attributable to the cost of additional leases executed in 2025, higher indirect marketing expenses associated with our attendance at two boat shows during the quarter, and higher insurance costs related to increased inventory levels under floorplan financing arrangements, each in line with the Company’s planned business expansion for 2026.

Salaries and Wages

Salaries and wages expense increased $2.2 million or 244.4%, to $3.1 million for the three months ended March 31, 2026, compared to $0.9 million for the three months ended March 31, 2025. Leading into and following our initial public offering, salaries and wages increased as we aligned our compensation with public-company market benchmarks, and enhanced retention packages to ensure we can attract, motivate, and retain the talent required to deliver long-term shareholder value. Further, the Company issued stock-based compensation to employees after the initial public offering which had a value of $1.8 million for the three months ended March 31, 2026. These equity awards have several vesting conditions including service based and performance-based requirements and vest between one and five years.

Conference Call and Webcast

The Company will host an earnings conference call today, May 14, 2026, at 4:30 P.M. Eastern Time. To participate by telephone, please dial (800) 715-9871 (domestic), or (646) 307-1963 (international). The conference passcode is 5863262.

A live webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://investor.offthehookyachts.com using the conference passcode 5863262. An online replay of the webcast will be available for a limited time immediately following the call.

About Off The Hook Yachts Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, 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-generating 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.

Cautionary Statement Regarding 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 entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and available on our Company website. 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.

Contacts:
Chad Corbin
Chief Financial Officer (CFO)
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

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Off The Hook Yachts Completes Acquisition of Apex Marine Companies, Creating Mega Service, Refurbishment & Sales Hub for Global Customers

May 14, 2026

Wilmington, NC, May 14, 2026 (GLOBE NEWSWIRE) — 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 has closed the acquisition of Apex Marine Companies (“APEX”), a premier South Florida marine service, storage, and sales operation.

The acquisition delivers strategically located South Florida facilities, a highly skilled full-service team, and infrastructure that immediately enhances Off the Hook’s operational efficiency, refurbishment capacity, and global sales reach. APEX’s facilities include prime storage and service locations, haul-out capacity up to 150 metric tons and vessels up to 130 feet, and comprehensive in-house teams covering repair, refit, and refurbishment. This allows Off the Hook to process the majority of acquired inventory internally.

“The integration of these capabilities is already generating millions of dollars in annual cost savings by reducing third-party service dependencies, lowering transportation costs, accelerating turnaround times, and delivering higher-quality refurbishments,” said Brian John, CEO. “This centralized approach allows us to standardize refurbishment quality, reduce cycle times from acquisition to resale, and scale inventory without proportional overhead increases.”

With the centralized campus now operational, Off the Hook has created a destination where buyers from around the world can access tens of millions of dollars in inventory at a single location near Fort Lauderdale and Miami – a major step toward transforming the used boat market. “This acquisition is fundamentally about operational dominance through infrastructure,” said Jason Ruegg, Founder of Off the Hook Yachts. “Facilities like these are unique in South Florida. Bringing service, storage, and hauling in-house is a game changer for our efficiency, margins, and ability to scale.”

About Off The Hook YS Inc.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

Sold | 2020 Riva 100 Corsaro

Off The Hook Yachts is proud to announce the successful sale of the 2020 Riva 100 Corsaro “CONVICT.”

Listing broker Andy Simmons of Off The Hook Yachts and selling brokers Chris Burgos of Off The Hook Yachts and Eddie Monterssat of Autograph YachtGroup represented the transaction on this standout 100′ Riva.

Combining iconic Italian styling with exceptional offshore capability, “CONVICT” featured twin MTU engines, Seakeeper gyro stabilization, fin stabilizers, and a highly desirable 5-stateroom layout with an on-deck full-beam master suite. Designed for the South Florida and Bahamas lifestyle, this late-model Riva delivered the perfect blend of luxury, performance, and turnkey cruising capability.

Congratulations to everyone involved in the successful closing of this exceptional yacht.

May 4, 2026

Wilmington, NC, May 04, 2026 (GLOBE NEWSWIRE) — 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, will announce its first quarter 2026 financial and operating results on Thursday, May 14, 2026, after the market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. Eastern time.

To participate in the call, please dial (800) 715-9871 (domestic), or (646) 307-1963 (international). The conference passcode is 5863262. This call is being webcast and can be accessed using the conference passcode 5863262, on the Investor Relations section of the company’s website at https://investor.offthehookyachts.com. The online replay will be available for a limited time beginning immediately following the call.

About Off The Hook YS Inc.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

Off The Hook Yachts Expands Into New Boat Sales With Sportsman And Phenom Brands, Powered By Unique Storage Ecosystem

April 16, 2026

Wilmington, NC, April 16, 2026 (GLOBE NEWSWIRE) — 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 a major expansion with the addition of Sportsman Boats and Phenom Yachts.

“We are incredibly proud to serve the Wilmington community, one of the fastest growing cities in America. This is a market that understands boating, values the water, and continues to grow. Being part of Wilmington’s expansion and contributing to its marine economy is something that we take seriously and are deeply excited about”, said Jason Ruegg, President of Off The Hook Yachts.

“Sportsman Boats represents one of the most respected names in the industry – known for consistent quality, strong resale value, and a loyal customer base built over time. Phenom Yachts brings a complementary energy to the lineup, with a modern, performance-driven approach that resonates with the next generation of boaters. Together, these brands align perfectly with Off The Hook Yachts’ platform where every new boat sold feeds a larger ecosystem of trade-ins, service, and long-term customer relationships. It’s a model designed not just for today’s sale, but for the entire lifecycle of the customer”, said Blake Phillips, COO of Off the Hook Yachts.

These brands will be sold through Bellhart Marine, located on Market Street in Wilmington, North Carolina, a company Off The Hook has committed to acquire.

Strategic Differentiation: Sales + Storage + Service

While Bellhart Marine will serve as the Company’s retail dealership hub, Off The Hook will leverage Sloop Point Marina as a powerful supporting asset-creating a unique competitive advantage in the market.

Sloop Point is not a dealership, but rather a large-scale dry stack storage facility for customers, currently operating 224 racks with approvals to expand to 450.

This structure allows Off The Hook to offer something few, if any, competitors can match:

– Integrated Storage Access tied directly to boat purchases
– Immediate Customer Capture into Off The Hook’s ecosystem
– Long-term recurring revenue through storage and service
– A frictionless ownership experience for buyers

“No one else in our market combines dealership operations with this level of storage control,” the Company stated. “Sloop Point is a strategic tool that enhances our ability to sell boats faster and retain customers long after the initial transaction.”

Launch Incentive to Drive Immediate Sales

Customers who purchase a Sportsman boat through Bellhart Marine from now through July 31 will receive one year of complimentary storage at Sloop Point Marina.

Building a High-Margin Revenue Flywheel

The addition of new boat sales is expected to generate significant downstream revenue opportunities across Off The Hook’s platform, including:

– Trade-ins fueling pre-owned boat inventory
– Financing through in-house platform
– Extended warranties and protection products
– Insurance offerings
– Service and maintenance revenue

“We believe no one in the marine industry is better positioned to support a boat buyer with a trade than we are. Our fully integrated platform that combines new boat sales, a used boat marketplace, storage, service, and financing allow us to seamlessly take in trades, price them intelligently, and immediately place them into our ecosystem. That creates a smoother experience for the customer and a stronger supply engine for our business”, added Blake Philips.

Service Expansion and Market Opportunity

Bellhart Marine will oversee service operations tied to Sloop Point Marina. With up to 450 stored boats at full buildout and thousands more nearby, Off The Hook sees strong long-term service revenue potential. With Sportsman, Phenom, and Yellowfin, Off The Hook expects up to 100 new boat sales annually at scale.

Disciplined Expansion

Off The Hook emphasized this is a strategic expansion, not a shift away from its core used boat focus. Brian John, CEO of Off The Hook added “New boat sales are a strategic input into Off The Hook’s core business, driving trade-ins, increasing used inventory supply, and accelerating customer acquisition into its ecosystem. Sportsman and Phenom have spent years building trust through product. We’re building trust through the ownership experience. When you combine the two, you create a model that’s incredibly hard to replicate.”

About Off The Hook YS Inc.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

Off The Hook Yachts Launches Global Broker Expansion Initiative, Introducing Scalable Five-Tier Growth Model

April 9, 2026

Wilmington, NC, April 09, 2026 (GLOBE NEWSWIRE) — 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 the launch of its global broker expansion initiative, with a newly introduced five-tier recruitment and performance structure.

At the center of this expansion is a bold vision: to make boat and yacht sales one of the most rewarding, opportunity-rich careers on earth – where professionals can build meaningful income while helping people experience the freedom, joy, and lifestyle that only life on the water can deliver.

Since going public in November, Off The Hook Yachts has nearly tripled its sales organization and its available capital resources, positioning the Company for its next phase of growth.

With these initiatives, Off The Hook is building what it believes to be a fundamentally new model for buying and selling boats-designed to operate at global scale.

A Network Built to Scale

Off The Hook’s five-tier structure is designed to enable brokers to recruit, train, and grow teams within the platform, creating a system where expansion is not limited to centralized hiring.

As the network grows, each broker has the ability to introduce additional team members, creating what the Company believes to be a compounding growth dynamic, where the pace of expansion can increase as the platform scales.

“This structure is designed to empower individuals – not just to sell boats – but to build businesses, create teams, and generate long-term income in one of the most exciting industries in the world”, said Brian John, Chief Executive Officer of Off The Hook Yachts.

Unlike traditional brokerage models-where individual brokers operate independently with limited inventory and buyer visibility- Off The Hook’s platform is designed as a connected global marketplace, where brokers collaborate, share opportunities, and transact across a unified system.

A Platform Model Distinct from Traditional Dealerships

Unlike traditional marine dealerships, which are typically limited by physical locations, local inventory, and centralized sales teams, Off The Hook’s platform is designed to enable brokers to operate remotely from anywhere in the world.

Through the Company’s infrastructure, brokers can:

Source and transact on boats across multiple markets
Work from home or satellite locations
Collaborate with other brokers across the network
Participate in transactions beyond their immediate geographic region

This flexibility allows individuals to build careers around their lives – not the other way around – while participating in high-value transactions that can meaningfully impact their financial future. For many, this represents a rare combination: lifestyle freedom, strong earning potential, and the opportunity to help customers create lifelong memories on the water.

This distributed model allows the platform to operate continuously across time zones, increasing potential transaction activity and market reach.

Off The Hook believes this approach represents a shift from a location-based dealership model to a technology-enabled, globally connected marketplace, designed to support scalable growth as participation increases.

The Operating System Behind the Platform

Off The Hook’s proprietary operating system, powered by NextBoat AI, has already been deployed across the Company’s platform and serves as the foundation for its broker network.

The Company is now launching the next phase of the system, which includes enhanced tracking of broker performance, multi-tier compensation structures, and network-wide visibility through individual broker portals, expected to go live in the coming week.

Off The Hook’s New Operating System is designed to:

Track broker performance and multi-tier compensation structures
Provide data-driven pricing and acquisition insights
Match buyers and sellers across the platform in real time via NextBoat AI
Surface inventory opportunities across the entire network
Streamline transaction workflows and execution

By combining advanced AI with human relationships, Off The Hook is equipping brokers with the tools to succeed at a higher level – helping them close more deals, serve clients more effectively, and grow their income.

A Capital + Broker Flywheel

Off The Hook believes its growth is driven by the alignment of two core factors:

1. Access to Capital

The ability to deploy capital to acquire and transact on inventory across the platform

2. Active Brokers and Traders

A growing network of participants sourcing, buying, and selling boats using Off The Hook’s infrastructure

Since becoming a public company, Off The Hook has:

Nearly tripled its available capital resources
Nearly tripled its broker network

As these two forces grow together, Off The Hook believes that it is building a powerful engine for expansion – creating more transactions, more opportunities, and more income for the team all supported by one platform.

Redefining a Fragmented Industry

The used boat market has historically been:

Highly fragmented
Limited in data transparency
Dependent on individual broker networks
Lacking standardized pricing benchmarks

Off The Hook’s platform is designed to address these challenges by combining technology, shared data, and centralized infrastructure into a single system accessible to brokers around the world.

“This is not a traditional dealership model,” said Brian John, Chief Executive Officer of Off The Hook Yachts. “We are building a platform where brokers can operate from anywhere, transact across markets, and leverage shared data and capital. As participation increases, we believe the platform becomes more powerful for everyone involved. We’re creating real economic opportunity – bringing more people into the marine industry, supporting job growth, and helping individuals build meaningful, high-income careers”

Multiple Revenue Streams Supporting Platform Growth

Off The Hook generates revenue across multiple components of each transaction, including:

Transaction and resale margins
Processing and documentation fees
Financing and warranty products
Future insurance and ancillary services

With the expansion of NextBoat AI and the introduction of its five-tier growth model, Off The Hook is building a platform designed for significant scale without the constraints of traditional dealership models.

This diversified model allows the Company to participate across the full transaction lifecycle, while supporting brokers with a comprehensive set of tools and services.

Positioned for Long-Term Growth

While there can be no assurance of outcomes, the Company believes its model is positioned to support:

Continued expansion of its broker network
Increased transaction activity across the platform
Improved efficiency in sourcing, pricing, and execution

“We believe no one is better positioned than Off The Hook to capitalize on the pre-owned boat and yacht market at scale”, said Brian John.

About Off The Hook YS Inc.

Contact

Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
chadcorbin@offthehookys.com

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

Off The Hook Yachts Acquires Bellhart Marine

Marine marketplace Off The Hook YS Inc. recently acquired Bellhart Marine Group, LLC, along with its affiliated entities Bellhart Marine Services, LLC, Specialized Mechanical Services, LLC, and Specialized Mechanical Services, Inc. (collectively, “Bellhart”).

The combined platform is designed to function as a high-efficiency reconditioning and service engine, according to the company. By bringing service operations in-house, Off The Hook expects to:

Significantly accelerate inventory reconditioning timelines
Improve gross margins through lower service costs
Increase control over quality and execution
Enhance speed-to-market for resale inventory

“This is an infrastructure-driven….

Read the full story on Boating Industry’s website by clicking here.

Off the Hook Reports Post-IPO Results

North Carolina-based Off the Hook Yachts reported full-year 2025 and fourth-quarter results this week. The company said record yearly revenue of $119.9 million was up 21.1% year-over-year. A record 426 boats were sold , up 33%. Last fall, Off the Hook completed an IPO, which it said strengthened the balance sheet and liquidity.

“We achieved record revenue of $120 million, expanded our national broker network and continued to build out the infrastructure that we believe positions the company for continued double-digit….

Read the full article on Trade Only Today by clicking here.

Off The Hook Yachts to acquire BellHart Marine Group

The transaction includes BellHart Marine Services, Specialized Mechanical Services and related entities, and remains subject to customary closing conditions, including due diligence and third-party approvals.

The acquisition forms part of a broader strategy to develop an integrated service and refit platform in the Carolinas, which the company refers to as a “Mega Service and Refit Center” which will support more efficient vessel turnaround and resale processes.

“This is an infrastructure-driven acquisition,” explained Jason Ruegg, Founder of Off The Hook Yachts. “We are building what we believe will be one of the most efficient marine service and….

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