{"success":true,"data":{"pressRelease":{"id":"49256","rtpr_id":"nACSrQs7Qa","ticker":"OTH","exchange":"NYSE American","all_tickers":["OTH"],"title":"NextBoat Inc. Completes Corporate Rebrand and Begins Trading Under \"NXB\" on NYSE American","author":"ACCESSWIRE","published_at":"2026-05-29T12:00:00.975Z","article_body":"Company accelerates evolution into AI-powered platform transforming how boats\nare bought and sold\n\nWILMINGTON, NC / ACCESS Newswire (https://www.accessnewswire.com/) / May 29,\n2026 / NextBoat Inc (https://pr.report/m1ls). (NYSE American:NXB) (\"NextBoat\"\nor the \"Company\"), formerly Off The Hook YS Inc. (NYSE American:OTH), today\nannounced that its corporate rebrand and ticker symbol change to \"NXB\" have\nofficially become effective on the NYSE American.\n\nThe transition to NextBoat reflects the Company's evolution from a traditional\nyacht brokerage business into a technology-driven platform focused on\nmodernizing the fragmented pre-owned boat market through artificial\nintelligence, automation, financing, logistics, and data infrastructure.\n\n\"This is a defining moment for our company,\" said Brian John, Chief Executive\nOfficer of NextBoat. \"The NextBoat brand reflects the platform we are building\nfor the future of boat and yacht commerce. While Off The Hook Yachts remains a\nfoundational part of our business, NextBoat represents a much larger\nopportunity - creating a faster, more transparent, and technology-enabled\nexperience for buying and selling boats at scale.\"\n\nThe Company said Off The Hook Yachts will continue operating as a core\ndivision of NextBoat, serving as a key driver of inventory acquisition,\nbrokerage transactions, wholesale distribution, and marketplace liquidity.\n\n\"We believe the boat industry is where automotive retail was before companies\nlike Carvana fundamentally changed the customer experience,\" said Blake\nPhillips, Chief Operating Officer of NextBoat. \"Our mission is to build the\ninfrastructure layer for the boating market - connecting buyers, sellers,\ndealers, brokers, lenders, and service providers through software, automation,\nAI, and integrated transaction tools. The industry remains highly fragmented,\nand we see a significant opportunity to simplify and modernize the entire\nownership journey.\"\n\nThe rebrand reflects NextBoat's broader strategy to build a connected platform\nspanning brokerage, direct acquisition, wholesale distribution, auctions,\nfinancing, transportation, lead generation, and ownership services - all\npowered by proprietary technology, data, and artificial intelligence.\n\nNo action is required by existing shareholders with respect to the Company's\ncorporate name or ticker symbol change. Shares of the Company's common stock\nwill continue trading on the NYSE American under the new ticker symbol \"NXB.\"\nExisting shareholder ownership and account positions remain unchanged.\n\nAbout NextBoat Inc.\n\nFounded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a\nvertically integrated, AI-powered marine marketplace transforming how boats\nare bought, sold, financed, and serviced across the United States. Through\nproprietary technology, transaction data, financing capabilities, and a\ngrowing national acquisition network, the Company operates across boat\nbrokerage, wholesale inventory acquisition, auctions, financing, and marine\nservices. NextBoat's ecosystem includes Off The Hook Yachts\n(https://pr.report/m1lt), Autograph Yacht Group (https://pr.report/m1lu),\nAzure Funding (https://pr.report/m1lv), and proprietary lead-generation\nplatforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly\nexpanding its national footprint and market share within the $57 billion U.S.\nmarine industry.\n\nContact\n\nInvestor Relations\nir@nextboat.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws regarding NextBoat Inc. (\"Company\"), including,\nwithout limitation, statements regarding the Company's business strategy,\ntechnology platform, market opportunity, planned operations, and expected\nresults and benefits. You can generally identify forward-looking statements by\nthe use of forward-looking terminology such as \"anticipate,\" \"believe,\"\n\"continue,\" \"could,\" \"estimate,\" \"expect,\" \"explore,\" \"evaluate,\" \"intend,\"\n\"may,\" \"might,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"seek,\" \"should,\"\nor \"will,\" or the negative of such terms thereof or other variations thereon\nor comparable terminology, although not all forward-looking statements contain\nthese identifying words.\n\nThese forward-looking statements are based on the Company's current plans,\nobjectives, estimates, expectations, and intentions and inherently involve\nsignificant risks and uncertainties, many of which are beyond our control.\nActual results, performance or achievements, including the timing of events,\nmay differ materially from those expressed or implied by the forward-looking\nstatements as a result of various risks and uncertainties, including those\ndescribed under the heading \"Risk Factors\" in the Company's filings with the\nSecurities and Exchange Commission, including its most recent Annual Report on\nForm 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with\nthe SEC. Copies of these filings are available on the SEC's website at\nwww.sec.gov. Investors are cautioned that forward-looking statements are not\nguarantees of future performance, and are cautioned not to place undue\nreliance on any such forward-looking statements. The forward-looking\nstatements made in this press release are made only as of the date hereof or\nas of the dates indicated in the forward-looking statements and reflect the\nviews stated therein with respect to future events at such dates, even if they\nare subsequently made available by the Company on its website or otherwise.\nThe Company undertakes no obligation to update, revise or supplement any\nforward-looking statements to reflect actual results, new information, future\nevents, changes in its expectations or other circumstances occurring after the\ndate such statements were made, except as required by applicable law.\n\nSOURCE: NextBoat Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/nextboat-inc.-completes-corporate-rebrand-and-begins-trading-under-%22nx-1171630)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSrQs7Qa","title":"NextBoat Inc. Completes Corporate Rebrand and Begins Trading Under \"NXB\" on NYSE American","author":"ACCESSWIRE","ticker":"OTH","created":"2026-05-29T12:00:00.975Z","tickers":["OTH"],"exchange":"NYSE American","article_body":"Company accelerates evolution into AI-powered platform transforming how boats\nare bought and sold\n\nWILMINGTON, NC / ACCESS Newswire (https://www.accessnewswire.com/) / May 29,\n2026 / NextBoat Inc (https://pr.report/m1ls). (NYSE American:NXB) (\"NextBoat\"\nor the \"Company\"), formerly Off The Hook YS Inc. (NYSE American:OTH), today\nannounced that its corporate rebrand and ticker symbol change to \"NXB\" have\nofficially become effective on the NYSE American.\n\nThe transition to NextBoat reflects the Company's evolution from a traditional\nyacht brokerage business into a technology-driven platform focused on\nmodernizing the fragmented pre-owned boat market through artificial\nintelligence, automation, financing, logistics, and data infrastructure.\n\n\"This is a defining moment for our company,\" said Brian John, Chief Executive\nOfficer of NextBoat. \"The NextBoat brand reflects the platform we are building\nfor the future of boat and yacht commerce. While Off The Hook Yachts remains a\nfoundational part of our business, NextBoat represents a much larger\nopportunity - creating a faster, more transparent, and technology-enabled\nexperience for buying and selling boats at scale.\"\n\nThe Company said Off The Hook Yachts will continue operating as a core\ndivision of NextBoat, serving as a key driver of inventory acquisition,\nbrokerage transactions, wholesale distribution, and marketplace liquidity.\n\n\"We believe the boat industry is where automotive retail was before companies\nlike Carvana fundamentally changed the customer experience,\" said Blake\nPhillips, Chief Operating Officer of NextBoat. \"Our mission is to build the\ninfrastructure layer for the boating market - connecting buyers, sellers,\ndealers, brokers, lenders, and service providers through software, automation,\nAI, and integrated transaction tools. The industry remains highly fragmented,\nand we see a significant opportunity to simplify and modernize the entire\nownership journey.\"\n\nThe rebrand reflects NextBoat's broader strategy to build a connected platform\nspanning brokerage, direct acquisition, wholesale distribution, auctions,\nfinancing, transportation, lead generation, and ownership services - all\npowered by proprietary technology, data, and artificial intelligence.\n\nNo action is required by existing shareholders with respect to the Company's\ncorporate name or ticker symbol change. Shares of the Company's common stock\nwill continue trading on the NYSE American under the new ticker symbol \"NXB.\"\nExisting shareholder ownership and account positions remain unchanged.\n\nAbout NextBoat Inc.\n\nFounded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a\nvertically integrated, AI-powered marine marketplace transforming how boats\nare bought, sold, financed, and serviced across the United States. Through\nproprietary technology, transaction data, financing capabilities, and a\ngrowing national acquisition network, the Company operates across boat\nbrokerage, wholesale inventory acquisition, auctions, financing, and marine\nservices. NextBoat's ecosystem includes Off The Hook Yachts\n(https://pr.report/m1lt), Autograph Yacht Group (https://pr.report/m1lu),\nAzure Funding (https://pr.report/m1lv), and proprietary lead-generation\nplatforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly\nexpanding its national footprint and market share within the $57 billion U.S.\nmarine industry.\n\nContact\n\nInvestor Relations\nir@nextboat.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe federal securities laws regarding NextBoat Inc. (\"Company\"), including,\nwithout limitation, statements regarding the Company's business strategy,\ntechnology platform, market opportunity, planned operations, and expected\nresults and benefits. You can generally identify forward-looking statements by\nthe use of forward-looking terminology such as \"anticipate,\" \"believe,\"\n\"continue,\" \"could,\" \"estimate,\" \"expect,\" \"explore,\" \"evaluate,\" \"intend,\"\n\"may,\" \"might,\" \"plan,\" \"potential,\" \"predict,\" \"project,\" \"seek,\" \"should,\"\nor \"will,\" or the negative of such terms thereof or other variations thereon\nor comparable terminology, although not all forward-looking statements contain\nthese identifying words.\n\nThese forward-looking statements are based on the Company's current plans,\nobjectives, estimates, expectations, and intentions and inherently involve\nsignificant risks and uncertainties, many of which are beyond our control.\nActual results, performance or achievements, including the timing of events,\nmay differ materially from those expressed or implied by the forward-looking\nstatements as a result of various risks and uncertainties, including those\ndescribed under the heading \"Risk Factors\" in the Company's filings with the\nSecurities and Exchange Commission, including its most recent Annual Report on\nForm 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with\nthe SEC. Copies of these filings are available on the SEC's website at\nwww.sec.gov. Investors are cautioned that forward-looking statements are not\nguarantees of future performance, and are cautioned not to place undue\nreliance on any such forward-looking statements. The forward-looking\nstatements made in this press release are made only as of the date hereof or\nas of the dates indicated in the forward-looking statements and reflect the\nviews stated therein with respect to future events at such dates, even if they\nare subsequently made available by the Company on its website or otherwise.\nThe Company undertakes no obligation to update, revise or supplement any\nforward-looking statements to reflect actual results, new information, future\nevents, changes in its expectations or other circumstances occurring after the\ndate such statements were made, except as required by applicable law.\n\nSOURCE: NextBoat Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/nextboat-inc.-completes-corporate-rebrand-and-begins-trading-under-%22nx-1171630)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-05-29T12:00:01.046279816Z","server_sent_at_ms":1780056001046},"received_at":"2026-05-29T12:00:01.367Z","source_url":"https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/nextboat-inc.-completes-corporate-rebrand-and-begins-trading-under-%22nx-1171630"},"analysis":{"id":"38686","press_release_id":"49256","analysis_json":{"industry":{"label":"Automotive Retailers","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"ticker_change","narrative":"NextBoat Inc. has officially completed its corporate rebrand and ticker change, transitioning from Off The Hook YS Inc. (OTH) to NextBoat Inc. (NXB) on the NYSE American.\n\nThe company describes the shift as an evolution from a traditional yacht brokerage into an AI-powered technology platform for the pre-owned boat market.\n\nOff The Hook Yachts will continue to operate as a core division within the new structure, driving inventory acquisition and brokerage transactions.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Ticker change from OTH to NXB marks rebrand to AI-focused marine platform."},"keyFigures":{"customDimensions":{"market_size_usd":57000000000}},"quotedText":"The NextBoat brand reflects the platform we are building for the future of boat and yacht commerce.","namedEntities":{"people":[{"name":"Brian John","role":"CEO"},{"name":"Blake Phillips","role":"COO"}],"products":[],"companies":[{"name":"NextBoat Inc.","ticker":"NXB","relationship":"filer (new name)"},{"name":"Off The Hook YS Inc.","ticker":"OTH","relationship":"filer (former name)"},{"name":"Off The Hook Yachts","relationship":"core division"},{"name":"Autograph Yacht Group","relationship":"subsidiary/partner"},{"name":"Azure Funding","relationship":"subsidiary/partner"}],"dollarAmounts":[{"amount":"$57 billion","context":"U.S. marine industry market size"}]},"materialImpact":{"score":1,"reasoning":"Corporate rebranding and ticker symbol change from OTH to NXB. 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(NXB) on the NYSE American.\n\nThe company describes the shift as an evolution from a traditional yacht brokerage into an AI-powered technology platform for the pre-owned boat market.\n\nOff The Hook Yachts will continue to operate as a core division within the new structure, driving inventory acquisition and brokerage transactions.","key_figures":{"customDimensions":{"market_size_usd":57000000000}},"named_entities":{"people":[{"name":"Brian John","role":"CEO"},{"name":"Blake Phillips","role":"COO"}],"products":[],"companies":[{"name":"NextBoat Inc.","ticker":"NXB","relationship":"filer (new name)"},{"name":"Off The Hook YS Inc.","ticker":"OTH","relationship":"filer (former name)"},{"name":"Off The Hook Yachts","relationship":"core division"},{"name":"Autograph Yacht Group","relationship":"subsidiary/partner"},{"name":"Azure Funding","relationship":"subsidiary/partner"}],"dollarAmounts":[{"amount":"$57 billion","context":"U.S. marine industry market size"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-29T12:02:52.213Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"administrative_rebrand","sectorWeight":"low","marketCapAdjustment":"low"}},"durationMs":14541,"modelName":"george-droid-qwen-72b"}}