OFF THE HOOK YS INC.

NextBoat Inc. announced that Chief Financial Officer Chad Corbin has resigned from his position. Corbin will remain with the company during a transition period to help identify and onboard his successor. The company stated that Corbin's departure is amicable and not a result of any disagreements regarding the company's operations, policies, or practices.

NextBoat Inc., formerly Off The Hook YS Inc., reported significant strategic developments and financial results for Q2 and H1 2026. The company completed the rebranding to NextBoat and acquired Apex Marine for $6.15 million and Bellhart Marine Group for $920,000. While revenue saw substantial growth, the company recorded a net loss for both the quarter and the six-month period, primarily due to increased operating expenses and interest expenses.

NextBoat Inc. announced its fiscal second quarter 2026 results, reporting record revenue of $59.1 million, an 88.4% increase year-over-year, and a 100.1% rise in gross profit to $9.5 million. Despite strong top-line growth and record boat sales, the company posted a net loss of $2.1 million, compared to a net income of $0.6 million in the prior year period. NextBoat also highlighted the execution of two strategic acquisitions and the expansion of its broker network, while reaffirming its full-year 2026 revenue guidance.

NextBoat Inc. announced that it will release its second quarter 2026 financial and operating results on Thursday, August 13, 2026, after the market closes. The announcement will be followed by a live earnings conference call at 4:30 p.m. Eastern time. The company, formerly known as Off The Hook YS Inc., operates as a technology-driven marine marketplace.

OFF THE HOOK YS INC. has officially rebranded as NextBoat Inc., with its shares now trading under the new ticker symbol "NXB" on the NYSE American. This strategic rebrand reflects the company's evolution from a traditional yacht brokerage into a technology-driven, AI-powered platform focused on modernizing the boat buying and selling experience. The former Off The Hook Yachts will remain a foundational division, driving inventory and transactions within the new ecosystem.

NextBoat Inc. announced the resignation of Michael Kosloske from its Board of Directors, effective July 17, 2026. His departure was not due to any disagreement with the company. Subsequently, the Board appointed Zebulon Z. Hadley, IV as a new director, effective July 23, 2026, to fill the vacancy. Mr. Hadley, who is the President and CEO of National Coatings, Inc., will also serve as Chair of the Compensation Committee.

NextBoat Inc. announced record transaction closings and quarterly sales for the second quarter of 2026, expecting to be at or near profitability. The company reported approximately 120% year-over-year growth in transaction volume and 42% year-over-year growth in its organization. Key achievements include a partnership with MarineMax, successful integration and profitability of APEX, and the launch of an automated Broker Hiring Portal. NextBoat will report its full Q2 financial results on August 14, 2026.

NextBoat Inc. (formerly OFF THE HOOK YS INC.) announced a strategic partnership and revenue sharing agreement with MarineMax, Inc., the world's largest recreational boat and yacht retailer. The agreement involves MarineMax adopting NextBoat's AI platform for pre-owned vessel transactions, financing, and insurance services. As part of the deal, NextBoat will issue warrants to MarineMax for up to 1,250,000 shares with exercise prices ranging from $3.25 to $7.00. This five-year partnership is expected to accelerate the growth of NextBoat's marketplace, data, and financing businesses, establishing it as MarineMax's preferred wholesale and trade-in partner.

NextBoat Inc.'s Autograph Yacht Group division announced the completion of its largest-ever brokerage transaction, involving the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, which was last asking $45,000,000. This landmark deal signifies the division's entry into the top tier of the global luxury market, a segment typically reserved for established brokerage houses. Management views this as a validation of its growth strategy to attract world-class broker talent, aiming to significantly increase revenue per transaction and expand its reach to ultra-high-net-worth clients.

NextBoat Inc. and its subsidiary, Off The Hook Yacht Sales NC, LLC, secured a Master Loan Agreement with RLLT Capital, LLC to finance pre-owned boat inventory. The initial loan amount is $2.0 million, bearing a 15.0% annual interest rate, a 1% origination fee, and a 5% profit participation. The transaction is considered related-party due to a personal guarantee and stock pledge by Jason Ruegg, the company's President and controlling shareholder, securing the obligations with shares valued at not less than $5.0 million.