NextBoat Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $51.0M
- Price
- $2.03
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.53%
- Volume
- 13.2K
About
Off The Hook YS, Inc. specializes in the acquisition, resale, and wholesale distribution of yachts and boats. Its operations are divided into two primary divisions: Dealerships and Financing Services. The Dealership segment primarily handles the retail of both new and previously owned watercraft. Conversely, the Financing Services arm offers credit solutions to private clients seeking to acquire marine vessels, aircraft, or recreational vehicles. Founded in 2012 by Jason Ruegg, the firm's main office is located in Wilmington, North Carolina.
Quick stats
Shares outstanding25.1M
Computed float9.3M
Float / shares37.0%
Cash runway (months)0.6
Key info
SectorConsumer Cyclical
IndustryAuto - Dealerships
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002067767
Websitehttps://nextboat.com
AI Summary
AI-generated1/13
majorbullishexecutive change
NextBoat Appoints Proven Growth Executive Ross Tannenbaum as Chief Executive Officer
NextBoat appointed Ross Tannenbaum as CEO effective immediately, succeeding Brian John, who remains on the board to support transition.
Tannenbaum previously led Dreams, Inc. and held senior roles at Fanatics, including President of Retail and Collectibles, bringing consumer-retail scaling experience.
The board granted 2.5M inducement stock options tied to EBITDA milestones and a $5.00 VWAP threshold, signaling a stated push toward profitability.
Red flags
- Large 2.5M-share inducement option grant (potential dilution pending NYSE American approval)
- Prior CEO departs role; company still pivoting from foundation-building to profitability